Brief: Orell Fuessli H1 EBIT Down At CHF 6.7 Mln

Orell Fuessli AG

07/08/2020 06:03

Aug 7 (Reuters) - ORELL FUESSLI HOLDING AG  OFN.S :
    * NET REVENUES OF CHF 104.1 MILLION DURING FIRST HALF OF
2020.
    * EBIT FOR FIRST HALF OF 2020 FELL TO CHF 6.7 MILLION (LAST
YEAR
CHF 8.1 MILLION)
    * HALF-YEAR NET INCOME OF CHF 8.0 MILLION WAS SIGNIFICANTLY
BETTER
THAN LAST YEAR (CHF 5.4 MILLION), MAINLY FOR TAX REASONS.
    * EXPECTS 2020 NET REVENUES TO BE SLIGHTLY BELOW THEIR 2019
LEVEL
AND EBIT MARGIN TO BE IN MID-SINGLE-DIGIT RANGE.
    * OUTLOOK 2020: CONSUMER BEHAVIOUR AND ECONOMIC PERFORMANCE
ARE
DIFFICULT TO ESTIMATE AT THIS TIME

Source text for Eikon:  ID:nEQ7TLnGRa 
Further company coverage:  OFN.S 

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