Brief: Medios H1 EBITDA Adj. For Extraordinary Expenses At EUR 6.5 Mln

Medios AG

25/08/2020 06:32

Aug 25 (Reuters) - MEDIOS AG  ILM1k.DE :
    * CONTINUES TO EXPECT DYNAMIC SALES GROWTH
    * H1 EBITDA, ADJUSTED FOR EXTRAORDINARY EXPENSES, AMOUNTED
TO EUR
6.5 MILLION (PREVIOUS YEAR EUR 7.7 MILLION)
    * ASSUMES THAT EXTRAORDINARY CORONA-RELATED SPECIAL EFFECT
IN
CONNECTION WITH QUOTA ALLOCATION WILL CONTINUE IN SECOND HALF OF
2020 AND WILL BURDEN COMPANY'S EARNINGS
    * EXPECTS CONSOLIDATED SALES FOR 2020 FINANCIAL YEAR -
INCLUDING
ACQUISITION OF KÖLSCHE BLISTER GMBH IN MARCH 2020 - TO AMOUNT TO
AROUND EUR 610 TO 630 MILLION
    * H1 EBT, ADJUSTED FOR EXTRAORDINARY EXPENSES, AMOUNTED TO
EUR 4.9
MILLION (PREVIOUS YEAR EUR 6.8 MILLION)
    * EXPECTS AN ADJUSTED EBITDA* OF AROUND EUR 14 TO 15 MILLION
AND
AN ADJUSTED EBT* OF AROUND EUR 11.5 TO 12.5 MILLION FOR 2020
    * REMAINS OPTIMISTIC THAT IT WILL BE ABLE TO REACH ONE
BILLION EUR
MARK IN SALES BY 2023 AT LATEST
    * H1 GROUP SALES UP BY 28.2% TO EUR 292.9 MILLION (PREVIOUS
YEAR
EUR 228.5 MILLION)

Source text for Eikon:  ID:nEQ5LyN9xa 
Further company coverage:  ILM1k.DE 

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