Brief: Polytec H1 Group EBITDA Down At EUR 10.7 Mln

Polytec Holding AG

07/08/2020 06:18

Aug 7 (Reuters) - POLYTEC HOLDING AG  POLV.VI :
    * SALES IN FIRST HALF OF 2020 FELL BY 24.4% TO STAND AT EUR
242.3
MILLION (H1 2019: EUR 320.6 MILLION).
    * POLYTEC GROUP MANAGEMENT IS CAUTIOUSLY OPTIMISTIC AND ON
BASIS
OF CURRENTLY COMMUNICATED CALL-OFFS, ANTICIPATES 2020 SALES
REVENUES OF AROUND EUR 520 MILLION.
    * IN FIRST SIX MONTHS OF 2020, POLYTEC GROUP EBITDA WAS
REDUCED TO
EUR 10.7 MILLION (H1 2019: EUR 33.2 MILLION)
    * GROUP EBIT IN MONTHS FROM JANUARY TO JUNE TOTALLED MINUS
EUR 7.0
MILLION (H1 2019: EUR 16.1 MILLION)
    * A RELIABLE OUTLOOK WITH REGARD TO RESULTS REMAINS
IMPOSSIBLE

Source text for Eikon:  ID:nPexKQjMZa 
Further company coverage:  POLV.VI 

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