Brief: Norbit Q2 Revenues Down At NOK 155.2 Mln

Norbit ASA

13/08/2020 06:13

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 

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