Brief: SnowWorld H1 Normalized EBITDA Up At 12.5 Million Euros

SnowWorld NV

13/05/2020 10:34

May 13 (Reuters) - SNOWWORLD NV  SNOW.AS :
    * H1 REVENUE UP 24.3% AT EUR 29.6 MILLION
    * H1 NORMALIZED EBITDA UP 18.5% TO €12.5 MILLION
    * H1 SOLVABILITY UP AT 36.4%
    * H1 NORMALISED RESULT AFTER TAX INCREASES BY 19.2% TO € 7.1
MILLION
    * EXPECTS LIQUIDITY POSITION IS SUFFICIENT TO OFFSET
NEGATIVE
IMPACT OF CLOSURE
    * SOLVENCY INCREASED FROM 34.0% AT 30 SEPTEMBER 2019 TO
36.4% AT
31 MARCH 2020
    * GIVEN CURRENT CLOSURE AND LACK OF CLARITY REGARDING TIMING
OF
REOPENING, NO EXPECTATIONS ON THE RESULTS FOR THE FULL FINANCIAL
YEAR
    * THE COMPANY IS IN A GOOD POSITION TO COUNTER THE CRISIS
DUE TO
SUFFICIENT CREDIT FACILITY

Source text for Eikon:  ID:nNDL3Rcp2C 
Further company coverage:  SNOW.AS 

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