H1 2020 results press release
(WorldNews Finland)

Press release Very good H1 2020 results despite the crisis EBITDA margin improvement and strongly positive free cash-flow Confirmation of the Group`s great resilience H1 revenue impacted by the crisis; EBITDA margin up and positive free cash flow1 H1 revenue down -15.7%(-14.7% on an organic basis) Marked activity slowdown in Hospitality, less so in other end-markets EBITDA margin up +20bps at 32.5% of sales Adjusted net income down -51.2% at €49.7mn Free cash flow of €56.1mn (after lease payments), up +€75mn yoy Implementation of drastic operational measures to respond to the crisis and prepare for the future Headcount adjustments in all country head offices and in all plants impacted by a...