June 16, 2020 / 5:15 AM / 16 days ago

BRIEF-Coltene Says Q1 Net Sales And EBIT Rose Year-On-Year

June 16 (Reuters) - COLTENE HOLDING AG:

* FINANCIAL IMPACT OF COVID-19 CRISIS ON COLTENE'S FULL-YEAR RESULTS IS IMPOSSIBLE TO ESTIMATE

* FORESEEABLE OUTCOME THEREFORE IS THAT FULL-YEAR RESULTS FOR 2020 WILL BE LOWER THAN THOSE FOR PREVIOUS YEAR

* ALREADY, LIKELIEST SCENARIO IS THAT PROMPT COUNTERMEASURES TAKEN WILL NOT BE ENOUGH TO COMPENSATE FOR SECOND-QUARTER MARKET SLUMP OVER REMAINDER OF YEAR

* ANTICIPATES HALF-YEAR NET SALES OF APPROXIMATELY CHF 100.0 MILLION (PREVIOUS YEAR: CHF 135.4 MILLION) AND BREAKEVEN EBIT (PREVIOUS YEAR: CHF 12.8 MILLION)

* IN Q1 OF 2020, NET SALES AND EBIT WERE UP COMPARED TO SAME PERIOD A YEAR EARLIER Source text for Eikon: Further company coverage: (Gdansk Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below