Finance
07/30/20
2020 Half-year results
- H1 20 net sales of €762m down-35% vs. H1 19 and -35% on a comparable basis*
- Q2 order intake on equipment of €180m vs. €286m in Q2 19
- Order book on equipment at the end of Q2 20 of €555m vs. €643m in Q2 19
- Recurring operating income at €30.1m (3.9%) vs. €90.1m (7.7%) in H1 19
- EBITDA1 €48m (6.3%) vs. €107m in H1 19
- Net income at €13.5m vs. €60.1m in H1 19
- Taking into account the COVID-19 crisis and its economic consequences, the outlook for 2020 is for an annual turnover of around €1.5 billion
- Outlook for current operating income in the 2.7% to 3.2% range for 2020
The first half of 2020 was highlighted by the sudden COVID-19 crisis that has been disrupting our markets since mid-March, resulting in a 35% drop in our sales compared to a record first half of 2019.
Michel Denis, President & CEO