Brief: Bel 9-Month Consolidated Sales Up At 2.59 Billion Euros

Unibel SA

05/11/2020 17:14

Nov 5 (Reuters) - Unibel SA  CBQP.PA :
    * SALES ADVANCE A ROBUST 3.5% ORGANICALLY IN FIRST NINE
MONTHS OF
2020
    * AT SEPTEMBER 30, 2020, IN A GLOBAL ENVIRONMENT HARD HIT BY
COVID-19 PANDEMIC, BEL REPORTED CONSOLIDATED SALES OF EUR 2,594
MILLION
    * OUTLOOK FOR 2020: BEL EXPECTS OPERATING MARGIN TO IMPROVE
OVER
2019 PERFORMANCE
    * COMPANY ALSO CONFIRMS ITS POTENTIAL FOR SIGNIFICANTLY
IMPROVING
NET CASH POSITION, NOTABLY AS A RESULT OF TIGHTLY MANAGING
WORKING CAPITAL REQUIREMENT AND INVESTMENT
    * IN SECOND HALF OF YEAR, BEL EXPECTS TO BEEF UP SPENDING TO
SUPPORT ITS BRANDS

Source text : https://refini.tv/362d7c4
Further company coverage:  CBQP.PA 

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