Brief: Viohalco FY Consolidated EBITDA Down At 273 Million Euros

Viohalco SA

19/03/2020 17:41

March 19 (Reuters) - VIOHALCO SA  VIOH.BR :
    * FY CONSOLIDATED EBITDA DOWN 18% TO EUR 273 MILLION VERSUS
EUR
332 MILLION YR AGO
    * FY CONSOLIDATED REVENUE OF EUR 4,198 MILLION, DOWN 5%
(2018: EUR
4,406 MILLION)
    * FY CONSOLIDATED PROFIT BEFORE INCOME TAX OF EUR 32
MILLION, DOWN
67% YEAR-ON-YEAR (2018: EUR 96 MILLION)
    * ON CORONAVIRUS:  A PROLONGED SPREAD OF COVID-19 IS
EXPECTED TO
AFFECT BOTH BUSINESS AND FINANCIAL RESULTS OF 2020, BUT THE
IMPACT DEPENDS ON A NUMBER OF FACTORS
    * REMAINS FOCUSED ON THEIR LONG TERM GROWTH STRATEGY ON
STRENGTHENING THEIR MARKET POSITIONS THROUGH ONGOING INVESTMENT
PROGRAMMES, TECHNOLOGICAL INNOVATION ALONG WITH COST AND
OPERATIONAL EFFICIENCY IMPROVEMENTS
    * FY VIOHALCO COMPANIES’ NET DEBT IMPROVED TO EUR 1,590
MILLION
BEFORE IFRS 16 VERSUS EUR 1,636 MILLION YEAR AGO

Source text : https://bit.ly/2Unx4nE
Further company coverage:  VIOH.BR 

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