Brief: Medartis H1 Net Profit Turns To Loss Of CHF 1.7 Million

Medartis Holding AG

18/08/2020 06:08

Aug 18 (Reuters) - MEDARTIS HOLDING AG  MEDA.S :
    * PRESS RELEASE 2020 HALF-YEAR RESULTS AND CHANGE IN
EXECUTIVE
MANAGEMENT BOARD
    * A SALES RESULT OF CHF 57.0 MILLION IN FIRST HALF OF 2020
    * H1 EBITDA AMOUNTED TO CHF 5.2 MILLION AND
CURRENCY-ADJUSTED
EBITDA MARGIN REMAINED LARGELY STABLE AT 12%
    * H1 EBIT WAS CHF -1.7 MILLION, COMPARED WITH CHF 2.4
MILLION A
YEAR AGO
    * COMPARED WITH NET PROFIT OF CHF 0.7 MILLION IN FIRST HALF
OF
2019, H1 NET LOSS WAS CHF -5.8 MILLION AFTER TAKING INTO ACCOUNT
TOTAL CURRENCY LOSSES OF CHF 4.3 MILLION (H1 2019: CHF 0.9
MILLION)
    * MEDARTIS WILL CONTINUE TO PURSUE ITS ANNOUNCED MEDIUM-TERM
PRIORITIES
    * AS A RESULT OF CURRENT UNCERTAINTY CAUSED BY COVID-19
PANDEMIC,
MEDARTIS IS NOT PROVIDING ANY GUIDANCE FOR FULL YEAR 2020
    * MEDARTIS CONFIRMS ITS MEDIUM-TERM GOALS (ANNUAL SALES
GROWTH OF
OVER 15% IN LOCAL CURRENCIES, GRADUAL INCREASE OF ADJUSTED
EBITDA MARGIN)

Source text for Eikon:  ID:nEQ7LzBbRa 
Further company coverage:  MEDA.S 

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