Brief: Nilfisk Q1 EBITDA Ex. Items Down At EUR 24.9 Mln

Nilfisk Holding A/S

15/05/2020 06:43

May 15 (Reuters) - Nilfisk Holding A/S  NLFSK.CO :
    * REG-NILFISK Q1 INTERIM REPORT 2020
    * Q1 PERFORMANCE WAS IN LINE WITH EXPECTATIONS UP UNTIL
MID-MARCH.
    * DURING LATTER PART OF MARCH, HOWEVER, COVID-19 OUTBREAK
HAD A
SIGNIFICANT NEGATIVE IMPACT ON DEMAND ACROSS MOST MARKETS, WHICH
NEGATIVELY IMPACTED REVENUE
    * Q1 REVENUE EUR 219.1 MILLION VERSUS EUR 246.6 MILLION YEAR
AGO
    * TO MITIGATE NEGATIVE IMPACT OF COVID-19 OUTBREAK, NILFISK
HAS
IMPLEMENTED SEVERAL MEASURES TO SCALE DOWN PRODUCTION CAPACITY
AND HAS TAKEN A NUMBER OF ACTIONS TO REDUCE VARIABLE COST AND
CAPITAL EXPENDITURES
    * AS A CONSEQUENCE OF LOW VISIBILITY AND HIGH DEGREE OF
UNCERTAINTY CAUSED BY GLOBAL COVID-19 OUTBREAK, NILFISK
SUSPENDED ITS FINANCIAL GUIDANCE FOR 2020 ON MARCH 19, 2020
    * VISIBILITY REMAINS LOW AND WE ARE STILL UNABLE TO
ACCURATELY
ASSESS POTENTIAL NEGATIVE IMPACT OF COVID-19 OUTBREAK ON OUR
BUSINESS
    * FINANCIAL GUIDANCE FOR 2020 REMAINS SUSPENDED
    * GROSS MARGIN WAS 42.8% IN Q1 2020 COMPARED TO 42.9% IN Q1
2019
    * Q1 EBITDA EX. ITEMS EUR 24.9 MILLION VERSUS EUR 32.7
MILLION
YEAR AGO

Source text for Eikon:  ID:nGNEbScTFr 
Further company coverage:  NLFSK.CO 

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