Brief: Medicover Q2 Operating Loss At EUR 2.3 Million

Medicover AB

24/07/2020 06:49

July 24 (Reuters) - Medicover AB  MCOVb.ST :
    * INTERIM REPORT APRIL-JUNE 2020
    * Q2 * REVENUE AMOUNTED TO EUR 198.8M (EUR 202.9M), A
DECREASE BY
2.1% WITH AN ORGANIC REDUCTION OF 7.7%.
    * Q2 REVENUE AMOUNTED TO EUR 198.8M (EUR 202.9M), A DECREASE
BY
2.1% WITH AN ORGANIC REDUCTION OF 7.7%
    * Q2 OPERATING LOSS EUR 2.3 MILLION VERSUS PROFIT EUR 10.1
MILLION
YEAR AGO
    * COVID-19 PANDEMIC HAD A SIGNIFICANT NEGATIVE IMPACT ON
OPERATING
PERFORMANCE
    * WE HAVE CLEARLY SEEN MORE ROBUST RECOVERY OF TRADING
VOLUME
DURING THE SECOND HALF OF THE QUARTER VERSUS OUR INITIAL
EXPECTATIONS
    * STILL EXPECTS TO SEE A CONTINUED RECOVERY DURING Q3 AND A
RETURN
TO MORE NORMALISED TRADING PATTERNS IN Q4

Source text for Eikon:  ID:nWkrY2blV 
Further company coverage:  MCOVb.ST 

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