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NORBIT - Norbit ASA News Story

NOK16.4 -0.1  -0.6%

Last Trade - 2:15pm

Sector
Technology
Size
Small Cap
Market Cap £77.0m
Enterprise Value £81.3m
Revenue £53.2m
Position in Universe 850th / 1785

BRIEF-Norbit Q2 Revenues Down At NOK 155.2 Mln

Thu 13th August, 2020 6:13am
Aug 13 (Reuters) - Norbit ASA  NORBIT.OL :
    * RESULTS FOR THE SECOND QUARTER AND FIRST HALF OF 2020
    * REVENUES FOR Q2 OF 2020 OF NOK 155.2 MILLION, COMPARED TO
NOK
169.7 MILLION FOR CORRESPONDING PERIOD OF 2019
    * EBITDA FOR Q2 THIS YEAR OF NOK 29.5 MILLION, CORRESPONDING
TO A
MARGIN OF 19 PER CENT
    * EXPECTS ALL THREE BUSINESS SEGMENTS TO CONTINUE TO BE
AFFECTED
BY PANDEMIC GOING FORWARD, ALTHOUGH IT REMAINS CHALLENGING TO
PREDICT LEVEL OF IMPACT ACROSS VARIOUS REGIONS AND MARKETS
    * CONTINUOUSLY CONSIDERING POTENTIAL NEED FOR CAPACITY
ADJUSTMENTS
OR COST REDUCTIONS
    * EXPECTS REVENUES, EBITDA MARGIN AND RESEARCH AND
DEVELOPMENT
INVESTMENTS TO DEVIATE FROM COMPANY'S LONG-TERM TARGETS

Source text for Eikon:  ID:nGNE54M7B0 
Further company coverage:  NORBIT.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))
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