Brief: Villeroy & Boch H1 EBIT Down At EUR -10.0 Mln

Villeroy & Boch AG

20/07/2020 07:07

July 20 (Reuters) - VILLEROY & BOCH AG  VIBG_p.DE :
    * CORONAVIRUS CRISIS LEADS TO LOWER REVENUE AND EARNINGS
    * H1 CONSOLIDATED REVENUE DOWN 13.4 % YEAR-ON-YEAR AT EUR
340.7
MILLION
    * H1 OPERATING RESULT (EBIT) DECLINES SIGNIFICANTLY TO EUR
-10.0
MILLION
    * DECLINE IN REVENUE OF NOT MORE THAN -10 % EXPECTED IN 2020
    * OPERATING RESULT FOR FIRST SIX MONTHS WILL BE MORE THAN
OFFSET
IN SECOND HALF OF YEAR BUT DOWN SIGNIFICANTLY YEAR-ON-YEAR
OVERALL
    * EXPECTS TO BE ABLE TO LIMIT YEAR-ON-YEAR REVENUE SHORTFALL
FOR
2020 AS A WHOLE TO LESS THAN -10 %

Source text for Eikon:  ID:nEQB1f5ra 
Further company coverage:  VIBG_p.DE 

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