Brief: Viohalco H1 Adj. EBITDA Down To Eur 126 Mln

Viohalco SA

24/09/2020 17:29

Sept 24 (Reuters) - Viohalco SA  VIOH.BR :
    * FINANCIAL RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2020
    * H1 CONSOLIDATED REVENUE OF EUR 1,875 MILLION (H1 2019: EUR 2,216 MILLION);
    * H1 CONSOLIDATED ADJUSTED EBITDA (A-EBITDA) AMOUNTED TO EUR 126 MILLION (H1
2019:
EUR 156 MILLION)
    * VIOHALCO'S CONSOLIDATED LOSS BEFORE INCOME TAX FOR H1 AMOUNTED TO EUR 7
MILLION,
COMPARED TO PROFIT OF EUR 17 MILLION IN H1 2019
    * NET DEBT INCREASED TO EUR 1,721 MILLION (2019: EUR 1,613 MILLION)
    * BUSINESS CONDITIONS ARE EXPECTED TO IMPROVE IN THE SECOND HALF.
    * STRATEGIC INVESTMENT ACROSS THE VIOHALCO SUBSIDIARIES IS EXPECTED TO DRIVE
FURTHER PRODUCT PORTFOLIO IMPROVEMENTS

Source text for Eikon:  ID:nNDL7lXp9S 
Further company coverage:  VIOH.BR 

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