Brief: Terveystalo Q2 Adjusted EBITA Falls By Two Thirds

Terveystalo Oyj

06/08/2020 07:04

Aug 6 (Reuters) - Terveystalo Oyj  TTALO.HE :
    * APRIL-JUNE REVENUE DECREASED BY 19.1 PERCENT YEAR-ON-YEAR
TO EUR
209.2 MILLION (258.6)
    * APRIL-JUNE ADJUSTED EARNINGS BEFORE INTEREST, TAXES, AND
AMORTIZATION (EBITA) DECREASED BY 66.0 PERCENT TO EUR 8.8
MILLION (25.9),
    * APRIL-JUNE PROFIT FOR PERIOD WAS EUR -1.5 MILLION (10.3).
    * IN SHORT TERM, MARKET ENVIRONMENT IS STILL UNCERTAIN DUE
TO
CHANGES IN CONSUMER BEHAVIOR RELATED TO COVID-19 PANDEMIC, AND
PREDICTING DEMAND IS CHALLENGING IN SHORT TERM
    * FOR DEMAND TO RECOVER TO NORMAL LEVEL IN SECOND HALF OF
2020, IT
WOULD BE NECESSARY THAT NO SIGNIFICANT RESTRICTIONS ARE IMPOSED
AND THAT CONSUMER BEHAVIOR WOULD RETURN TO NORMAL
    * IN JULY 2020, REVENUE FROM CORPORATE CUSTOMERS DECLINED
ONLY BY
APPROXIMATELY 3 PERCENT AND REVENUE FROM PRIVATE CUSTOMERS GREW
ALREADY BY APPROXIMATELY 9 PERCENT YEAR-ON-YEAR.

Source text for Eikon:  ID:nWkr75Pnh 
Further company coverage:  TTALO.HE 

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