Brief: Miko H1 Net Profit Down At EUR 2.0 Million

Miko NV

24/09/2020 16:40

Sept 24 (Reuters) - Miko NV  MIKK.BR :
    * H1 REVENUE EUR 100.2 MILLION VERSUS EUR 114.5 MILLION YEAR
AGO
    * H1 NET PROFIT OF THE GROUP EUR 2.0 MILLION VERSUS EUR 5.6
MILLION YEAR AGO
    * H1 EBITDA EUR 13.7 MILLION VERSUS EUR 17.1 MILLION YEAR
AGO
    * PLASTICS UNITS GAINED SHARE OF GENERAL GROWTH SEEN IN
RETAIL
MARKET DURING LOCKDOWN
    * SINCE OUR LEVERAGE MULTIPLE IS CURRENTLY AT 1.76, OUR
FINANCIAL
SITUATION REMAINS HEALTHY - CEO
    * COVID-19 CRISIS: WE ARE NOT IN A POSITION TO PREDICT THE
EXTENT
OF THE POSSIBLE FUTURE DAMAGE THAT WE MIGHT SUFFER - CEO
    * COFFEE SALES TO HOSPITALITY SECTOR PRACTICALLY CAME TO
STANDSTILL DURING LOCKDOWN
    * COVID-19 CRISIS: WHILE WE SEE A CLEAR IMPROVEMENT IN
SALES, WE
CANNOT MAKE ANY PREDICTIONS IN RELATION TO SECOND WAVES OR THE
LONG-TERM EFFECTS ON THE ECONOMY - CEO
    * MIKO NV - WE PLAN TO ACCELERATE OUR CURRENT INTERNET OF
THINGS
AND DIGITALIZATION PROJECTS - CEO

Further company coverage:  MIKK.BR 

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