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RSS FeedsKAP with solid business development in the first half of the year despite COVID-19 burdens – Management board substantiates Outlook 2020
(WorldNews Sweden)

 
 

21 september 2020 20:44:52

 
KAP with solid business development in the first half of the year despite COVID-19 burdens – Management board substantiates Outlook 2020
(WorldNews Sweden)
 


09/21/2020 KAP WITH SOLID BUSINESS DEVELOPMENT IN THE FIRST HALF OF THE YEAR DESPITE COVID-19 BURDENS - MANAGEMENT BOARD SUBSTANTIATES OUTLOOK 2020 Broad investment portfolio partially cushions impact of COVID-19 Revenue decreases by almost 15% to EUR 170.3 million Adjusted EBITDA[1] of EUR 17.6 million under previous year`s level Adjusted EBITDA margin increases by 1.1 percentage points to 10.3% Management Board expects revenue of between EUR 300 and 330 million and adjusted EBITDA of EUR 27 to 30 million for the full year - if no currently unforeseeable worsening of the pandemic occurs Fulda, 21 September 2020- The first half of the 2020 financial year was challenging for KAP AG, a...


 
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