Brief: Medartis FY Net Profit Down At CHF 0.9 Million

Medartis Holding AG

10/03/2021 06:11

March 10 (Reuters) - MEDARTIS HOLDING AG  MEDA.S :
    * ACHIEVES SOLID FULL-YEAR 2020 RESULT AND NOMINATES NEW
CHAIRMAN
OF THE BOARD OF DIRECTORS FOR ELECTION
    * FY ADJUSTED EBITDA MARGIN INCREASED TO 16% COMPARED TO 15%
YEAR
ON YEAR
    * ACHIEVED SALES GROWTH OF 9% IN LOCAL CURRENCIES IN SECOND
HALF
OF 2020
    * BOARD OF DIRECTORS WILL PROPOSE MARCO GADOLA FOR ELECTION
AS NEW
CHAIRMAN OF BOARD OF DIRECTORS AT NEXT ANNUAL GENERAL MEETING ON
23 APRIL 2021
    * DR. H.C. THOMAS STRAUMANN WILL ASSUME ROLE OF VICE
CHAIRMAN.
    * MEDARTIS GENERATED TOTAL SALES OF CHF 124.7 MILLION IN
2020 WITH
GROWTH OF 1% IN LOCAL CURRENCIES
    * PROFITABILITY AT FY EBITDA LEVEL AMOUNTED TO CHF 19.7
MILLION,
COMPARED TO CHF 20.3 MILLION IN 2019
    * FY EBIT WAS CHF 3.8 MILLION, COMPARED TO CHF 7.4 MILLION
IN
PREVIOUS YEAR
    * FY NET PROFIT WAS CHF 0.9 MILLION COMPARED TO CHF 1.8
MILLION IN
2019
    * FOR FULL YEAR 2021, MEDARTIS TARGETS A SALES GROWTH OF AT
LEAST
15% IN LOCAL CURRENCIES AND STABLE EBITDA MARGINS

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

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