HOCHDORF Holding Ltd: 2020 interim results better than previous year

[ Report ]

Hochdorf (pta023/22.07.2020/17:45) - The 2019 interim results for HOCHDORF Holding Ltd were strongly influenced by value adjustments (EBITDA CHF -39.4 million; EBIT CHF -52.4 million). With the publication of the Annual Report 2019 in March 2020, the Board of Directors announced that the EBITDA covenant of CHF >0 for the first half of 2020 was not considered a risk. The HOCHDORF Group now confirms compliance with the EBITDA covenant of CHF >0 as of 30.06.2020. There are also signs that the HOCHDORF Group has achieved a slightly positive result at EBIT level.

Details of the half-yearly result will be published by the HOCHDORF Group on 17 August 2020.

(Ende)