August 22, 2018 / 5:13 AM / 3 months ago

BRIEF-Medartis Holding H1 Net Profit At CHF 1.2 Mln

Aug 22 (Reuters) - MEDARTIS HOLDING AG:

* IN H1 INCREASED ITS SALES BY 23% TO CHF 61.0 MILLION COMPARED TO THE FIRST SIX MONTHS OF 2017

* H1 ADJUSTED EBITDA (EXCLUDING IPO COSTS) WAS CHF 9.0 MILLION, UP 5%

* H1 ADJUSTED EBIT (EXCLUDING IPO COSTS) WAS 2% LOWER AT CHF 5.0 MILLION

* H1 NET PROFIT OF CHF 1.2 MILLION (H1 2017: CHF 2.5 MILLION)

* OUTLOOK 2018: ADJUSTED EBITDA MARGIN (EXCLUDING IPO COSTS) OF 15% TO 16%

* FOR 2018 EXPECTS SALES GROWTH IN LOCAL CURRENCIES IN THE HIGH TEENS Source text - bit.ly/2Pr4let Further company coverage: (Gdynia Newsroom)

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