Brief: MCH Group H1 Consolidated Operating Income Down At CHF 121.6 Mln

MCH AG

30/09/2020 05:51

Sept 30 (Reuters) - MCH GROUP AG  MCHN.S :
    * H1 CONSOLIDATED OPERATING INCOME FELL BY 55% COMPARED TO
THE
FIRST HALF OF 2019 TO STAND AT CHF 121.6 MILLION
    * H1 CONSOLIDATED OPERATING RESULT IS CHF -21.7 MILLION (A
DECLINE
OF CHF – 29.4 MILLION COMPARED WITH THE FIRST HALF OF THE
PREVIOUS YEAR)
    * H1 LOSS AT CHF -24.4 MILLION
    * IS EXPECTING A DECLINE IN SALES OF CHF 230 TO 270 MILLION
IN THE
2020 FINANCIAL YEAR COMPARED WITH THE PREVIOUS YEAR AND AN
ANNUAL LOSS IN THE UPPER DOUBLE-DIGIT MILLION RANGE
    * IS EXPECTING A CLEAR IMPROVEMENT IN THE BUSINESS SITUATION
AS OF
THE SECOND QUARTER OF 2021

Source text: https://bit.ly/3n0rzc9
Further company coverage:  MCHN.S 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))