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Covid-19 impacts revenue, the JENSEN-GROUP reacts swiftly

Highlights First half year 2020

  • Due to the impact of Covid-19, revenue decreased from 177.6 million euro H01 2019 to 130.1 million euro H01 2020, a decrease of 26.8%.
  • Operating profit (EBIT) for the first six months amounts to 2.4 million euro, which is 85.8% lower than last year.
    • The EBIT is positively affected by government support received in several countries (0.7 million euro) and by a partial insurance payment for the impact of hurricane Michael (+1.1 million euro). As part of the insurance claim is certain, the Group recognized this income.
    • The EBIT is negatively affected by 2.5 million euro one-off restructuring costs, especially related to the reduction of workforce.
  • Cash flow from operations (EBITDA) for the first half-year amounts to 9.0 million euro, a 56.5% decrease compared to last year.
  • Net income attributable to the shareholders amounts to 1.5 million euro (Earnings per Share of 0.19 euro), a decrease of 87.4% compared to last year.
  • The Group reports a net financial cash of 1.4 million euro (including 12.2 million euro leasing debt) compared to a net debt of 4.4 million euro at year-end 2019.

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