Brief: Schmolz+Bickenbach Q2 EBT At -171.0 Mln Euros

Swiss Steel Holding AG

12/08/2020 06:16

Aug 12 (Reuters) - SCHMOLZ+BICKENBACH AG  STLN.S :
    * Q2 REVENUE DECREASED BY 41.8% FROM EUR 808 MILLION TO EUR
470
MILLION
    * Q2 ADJUSTED EBITDA OF EUR -45.8 MILLION WELL BELOW EUR
40.5
MILLION YEAR AGO
    * OUTLOOK FOR 2020: IMPOSSIBLE TO PRODUCE RELIABLE ESTIMATE
OF
ADJUSTED EBITDA DUE TO CURRENT UNCERTAINTY
    * Q2 EARNINGS BEFORE TAXES (EBT) STOOD AT EUR -171.0 MILLION
    * Q2 NEGATIVE RESULT OF EUR -159.1 MILLION
    * NEGATIVE ADJUSTED EBITDA WILL NOT BE OFFSET UNTIL END OF
2020
DUE TO SEASONAL AND MARKET-RELATED FACTORS

Source text for Eikon:  ID:nTEN7kv31a 
Further company coverage:  STLN.S 

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