Brief: SRV Q2 Operative Operating Result Swings To Profit EUR 0.5 Million

SRV Yhtiot Oyj

21/07/2020 06:39

July 21 (Reuters) - SRV Yhtiot Oyj  SRV1V.HE :
    * SRV'S HALF-YEAR REPORT JANUARY-JUNE 2020: SRV'S RECOVERY
PROGRAMME SUCCESSFULLY COMPLETED - BALANCE SHEET POSITION AND
LIQUIDITY STRENGTHENED SUBSTANTIALLY
    * Q2 REVENUE EUR 265.0 MILLION VERSUS EUR 207.4 MILLION YEAR
AGO
    * Q2 OPERATIVE OPERATING PROFIT EUR 0.5 MILLION VERSUS LOSS
EUR
3.1 MILLION YEAR AGO
    * OPERATIVE OPERATING PROFIT IS BURDENED BY AN APPROXIMATELY
EUR 3
MILLION PROVISION FOR DAMAGES RECOGNISED BY RUSSIAN SUBSIDIARY
    * CONSOLIDATED REVENUE FOR 2020 IS EXPECTED TO FALL IN
COMPARISON
WITH 2019 (REVENUE IN 2019: EUR 1,060.9 MILLION)
    * 2020 OPERATIVE OPERATING PROFIT IS EXPECTED TO IMPROVE ON
2019
AND TO BE POSITIVE (OPERATIVE OPERATING PROFIT EUR -96.8
MILLION)

Source text for Eikon:  ID:nWkr7mnZSc 
Further company coverage:  SRV1V.HE 

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