Somfy: H1 results hit by Covid-19
(CercleFinance.com) - Announced on Wednesday evening, Somfy, a supplier of supplier of controllers and drives for entrance gates and the like, reported H1 results that included net income, group share of 80.
9 million euros, compared to 91.2 million euros in H1 2019.
Meanwhile, sales fell from 615.1 million euros to 568.9 million euros, with underlying operating income of 102.6 million euros.
"As a result, the outlook communicated for the year oscillate between two points, corresponding to, firstly, a new, controlled, wave of the Covid pandemic, and secondly, to a lasting respite in the said pandemic, and as such anticipate a fall in sales of between 0 and 3% on a like-for-like basis and a current operating margin of between 15 and 17%," it said regarding its outlook.
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9 million euros, compared to 91.2 million euros in H1 2019.
Meanwhile, sales fell from 615.1 million euros to 568.9 million euros, with underlying operating income of 102.6 million euros.
"As a result, the outlook communicated for the year oscillate between two points, corresponding to, firstly, a new, controlled, wave of the Covid pandemic, and secondly, to a lasting respite in the said pandemic, and as such anticipate a fall in sales of between 0 and 3% on a like-for-like basis and a current operating margin of between 15 and 17%," it said regarding its outlook.
Copyright (c) 2020 CercleFinance.com. All rights reserved.