Brief: Netfonds H1 EBITDA Up At EUR 1.09 Mln

Netfonds AG

31/08/2020 07:05

Aug 31 (Reuters) - NETFONDS AG  NF4.DE :
    * ACHIEVED CONSOLIDATED GROUP SALES OF EUR 70.6 MILLION IN
THE
FIRST HALF OF 2020
    * IN H1 AS ABLE TO IMPROVE EBITDA BY 172.5% YEAR-ON-YEAR
FROM EUR
0.40 MILLION TO AN EBITDA OF EUR 1.09 MILLION.
    * CONFIRMS THE FORECAST FOR BUSINESS DEVELOPMENT IN 2020 AS
A
WHOLE.
    * IS NOW ASSUMING ORGANIC SALES GROWTH OF AT LEAST 20
PERCENT
(PREVIOUSLY 10-15%) AND THUS CONSOLIDATED SALES OF OVER EUR 135
MILLION IN 2020
    * FY 2020 EBITDA IS EXPECTED TO REMAIN IN THE RANGE OF EUR
4.0 TO
4.5 MILLION.

Source text for Eikon:  ID:nEQ7MBHXKa 
Further company coverage:  NF4.DE 

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