Brief: Nabaltec Q2 EBIT Turns To Loss Of EUR 0.4 Million

Nabaltec AG

21/07/2020 10:56

July 21 (Reuters) - NABALTEC AG  NTGG.DE :
    * ACCORDING TO PRELIMINARY DATA, REVENUES AND EARNINGS IN
THE
SECOND QUARTER 2020 BURDENED BY COVID-19 PANDEMIC AND SPECIAL
EFFECTS
    * EXPECTS TO POST SLIGHTLY NEGATIVE CONSOLIDATED OPERATING
PROFIT
(EBIT) IN Q2 OF 2020
    * CONSOLIDATED OPERATING PROFIT IN Q2 OF 2020 CAME TO EUR
-0.4
MILLION (SAME PERIOD OF LAST YEAR: EUR 6.6 MILLION)
    * Q2 REVENUES AMOUNTED TO EUR 36.4 MILLION, COMPARED TO EUR
49.0
MILLION IN SAME PERIOD OF LAST YEAR
    * MAIN REASONS FOR THIS SIGNIFICANT DECLINE IN SALES AND
EARNINGS
IN Q2 OF 2020 ARE EFFECTS OF COVID-19 PANDEMIC AND ASSOCIATED
SIGNIFICANT DROP IN SALES VOLUME SINCE APRIL 2020
    * Q2 EXPECTS BUSINESS PERFORMANCE TO REMAIN VOLATILE. WITH
RESPECT
TO REVENUE DEVELOPMENT, NO EASING OF SITUATION IS YET TO BE
EXPECTED IN Q3 OF 2020

Source text for Eikon:  ID:nEQ8dTDzqa 
Further company coverage:  NTGG.DE 

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