Brief: Medartis FY EBIT Up At CHF 7.4 Mln

Medartis Holding AG

03/03/2020 06:17

March 3 (Reuters) - MEDARTIS HOLDING AG  MEDA.S :
    * REPORTS GOOD SALES GROWTH ABOVE MARKET LEVELS IN 2019
    * FY EBITDA INCREASED TO CHF 20.3 MILLION AND ADJUSTED
EBITDA
MARGIN WAS 15%
    * EBIT IN 2019 WAS CHF 7.4 MILLION VERSUS CHF 6.1 MILLION
ONE YEAR
AGO, AND NET PROFIT WAS CHF 2.1 MILLION COMPARED TO CHF 4.2
MILLION IN 2018
    * FOR 2020, EXPECTS UNCHANGED SALES GROWTH OF 10% IN LOCAL
CURRENCIES WITH AN ADJUSTED EBITDA MARGIN OF 15% (BARRING
UNFORESEEN CIRCUMSTANCES)
    * OVER MEDIUM TERM, MEDARTIS WANTS TO ACHIEVE ANNUAL SALES
GROWTH
OF OVER 15% IN LOCAL CURRENCIES WITH A GRADUAL INCREASE IN
ADJUSTED EBITDA MARGIN
    * FY SALES 2019 CHF 130.1 MILLION VERSUS CHF 121.3 MILLION
YEAR
AGO

Source text for Eikon:  ID:nEQ3sm4qSa 
Further company coverage:  MEDA.S 

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