Brief: Orascom Development Holding FY Net Losses Down 31.8% To CHF 31.3 Million

Orascom Development Holding AG

27/04/2020 06:08

April 27 (Reuters) - Orascom Development Holding AG
 ODHN.S :
    * CLOSES THE YEAR ON A SOLID OPERATIONAL AND FINANCIAL
STANCE,
ACHIEVING ALL FY 2019 TARGETS, AND RECORDING CHF 483.9 MILLION
OF NET REAL ESTATE SALES.
    * FY NET LOSSES DECREASED BY 31.8% TO CHF 31.3 MILLION
VERSUS. A
LOSS OF CHF 45.9 MILLION IN FY 2018 (RESTATED).
    * FY ADJUSTED. EBITDA REACHED CHF 74.3 MILLION, A 5.7%
INCREASE
FROM CHF 70.3 MILLION IN FY 2018.
    * FY TOTAL REVENUES SURGED BY 33.2% TO CHF 453.3 MILLION
VERSUS.
CHF 340.3 MILLION IN FY 2018.
    * IMPOSSIBLE TO PROVIDE AN ACCURATE OUTLOOK ON ITS
RAMIFICATIONS
ON 2020 OPERATIONAL AND FINANCIAL RESULTS
    * WE INTEND TO PROVIDE AN UPDATE OF EVOLVING SITUATION
DURING ALL
OUR QUARTERLY RESULTS CALLS AND MARKET COMMUNICATIONS AS NEEDED.

Source text for Eikon:  ID:nEQ4mjYzma 
Further company coverage:  ODHN.S 

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