Earnings before interest, taxes, depreciation, and amortization

Eltek Reports 2020 Second Quarter Financial Results

Retrieved on: 
Wednesday, August 12, 2020
Profit, Finance, Economy, Money, Earnings before interest, taxes, depreciation, and amortization, Fundamental analysis, Private equity, Net income, Income, Du

PETACH-TIKVA, Israel, Aug. 12, 2020 /PRNewswire/ -- Eltek Ltd. (NASDAQ:ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards,announced today its financial results for the quarter ended June 30, 2020.

Key Points: 
  • PETACH-TIKVA, Israel, Aug. 12, 2020 /PRNewswire/ -- Eltek Ltd. (NASDAQ:ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards,announced today its financial results for the quarter ended June 30, 2020.
  • Mr. Eli Yaffe, Chief Executive Officer, commented: "We are pleased that our second quarter reflects the continuing trend of improved results.
  • Revenues for the second quarter of 2020 were $8.8 million compared to revenues of $8.2 million in the second quarter of 2019;
    Gross profit increased from $1.3 million (15.3% of revenues) in the second quarter of 2019 to $1.9 million (21.6% of revenues) in the second quarter of 2020;
    Operating profit increased to $809,000 during the second quarter of 2020 as compared to operating profit of $7,000 in the second quarter of 2019;
    Other expenses were nil during the second quarter of 2020 as compared to other income of $871,000 in the second quarter of 2019 that was mainly attributable to receipt of a non-recurring insurance payment relating to the damage to one of our manufacturing machines and the resulting losses;
    Net profit was $704,000, or $0.16 per fully diluted share in the second quarter of 2020 compared to net profit of $790,000, or $0.19 per fully diluted share, in the second quarter of 2019;
    EBITDA was $1.2 million in the second quarter of 2020 compared to EBITDA of $1.25 million in the second quarter of 2019;
    Net cash provided by operating activities amounted to $1.4 million in the second quarter of 2020 compared to net cash used in operating activities of $301,000 in the second quarter of 2019.
  • Today, Wednesday, August 12, 2019, at 8:30 a.m. Eastern Time, Eltek will conduct a conference call to discuss the results.

DGAP-News: DO & CO Aktiengesellschaft:

Retrieved on: 
Wednesday, August 12, 2020
States of Germany, Munich, Marienplatz, Earnings before interest, taxes, depreciation, and amortization, Bavaria, Association football clubs

At -3.18m, EBITDA is below the figure of the same period of the previous year by -7.24m (-178.4%).

Key Points: 
  • At -3.18m, EBITDA is below the figure of the same period of the previous year by -7.24m (-178.4%).
  • In the coming quarters of the business years 2020/2021, the net result will generally be strongly affected by the COVID-19 situation as well.
  • At present, future developments are still very difficult to predict and depend on further decisions of the respective governments.
  • At the end of 2020, the new FC Bayern Munich "Erlebniswelt" will be opened near Munich's Marienplatz.

DGAP-News: Masterflex SE: Despite corona-related revenue weakness Masterflex Group remains significantly profitable in H1 2020

Retrieved on: 
Wednesday, August 12, 2020
Profit, Fundamental analysis, Earnings before interest, taxes, depreciation, and amortization, Private equity, Earnings, Revenue, Economy

Dr. Andreas Bastin, CEO of Masterflex Group: "In our opinion, we saw the low point of revenue development in Q2, even though we expect the third quarter to remain challenging.

Key Points: 
  • Dr. Andreas Bastin, CEO of Masterflex Group: "In our opinion, we saw the low point of revenue development in Q2, even though we expect the third quarter to remain challenging.
  • Masterflex generated consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) of EUR 4.7 million (previous year: EUR 5.6 million).
  • Mark Becks, CFO of the Masterflex Group: "The mostly achieved stabilization of our earnings despite this difficult revenue trend is already an indication of what should be possible when revenue picks up again.
  • In our revenue performance, too, I see 2020 as only a temporary "slip-up" due to the COVID 19 pandemic.

DGAP-News: GEA Group Aktiengesellschaft: GEA achieves significant improvement in earnings despite COVID-19 effects - forecast for year raised in part

Retrieved on: 
Wednesday, August 12, 2020
Fundamental analysis, Profit, Earnings before interest, taxes, depreciation, and amortization, Private equity, GEA Group, Economy, Industries

In particular, the trend in earnings and ROCE underscores how successful the measures introduced last year to improve efficiency have been.

Key Points: 
  • In particular, the trend in earnings and ROCE underscores how successful the measures introduced last year to improve efficiency have been.
  • After a very good first quarter, the decreases in order intake and revenue were expected given the negative effects of the COVID-19 pandemic.
  • That is why we have raised our forecast for 2020 in part and remain confident that we will reach our medium-term financial targets," said Stefan Klebert, CEO of GEA Group AG.
  • Despite the fall in revenue, GEA achieved a marked year-on-year improvement in EBITDA before restructuring measures in the quarter under review.

DGAP-News: E.ON SE: E.ON with robust first-half results despite COVID-19

Retrieved on: 
Wednesday, August 12, 2020
E.ON, Societates Europaeae, Finance, Earnings before interest, taxes, depreciation, and amortization, Johannes Teyssen, ebit, Money, Economy

COVID-19's total unrecoverable adverse impact in 2020 is thus limited to only about 2 percent of EBITDA.

Key Points: 
  • COVID-19's total unrecoverable adverse impact in 2020 is thus limited to only about 2 percent of EBITDA.
  • E.ON also revised its forecast for full-year 2020 to reflect COVID-19's technical earnings effects which are now more apparent.
  • Previously E.ON had announced forecast ranges of 3.9 to 4.1 billion for adjusted EBIT and 1.7 to 1.9 billion for adjusted net income.
  • "Despite a difficult market environment," Johannes Teyssen said, "we were able to realize the full value of these attractive retail businesses.

Six-month interim report (Q2) 2020

Retrieved on: 
Wednesday, August 12, 2020
Fundamental analysis, Earnings before interest, taxes, depreciation, and amortization, Private equity, Profit, ALK, Coronavirus disease, Economy

In Q2, ALK saw earnings increase by 213% on the back of savings and delayed R&D expenditure.

Key Points: 
  • In Q2, ALK saw earnings increase by 213% on the back of savings and delayed R&D expenditure.
  • Operating profit (EBITDA) exceeded expectations and grew by 213% to DKK 75 million (24), reflecting savings and delayed R&D expenditure due to COVID-19.
  • As expected, sales fluctuated during the Q2 low-season, particularly in the USA, as visits to allergy clinics became more difficult.
  • In light of the results for the first half of 2020 and the ongoing effects of COVID-19, ALK is updating its financial outlook for 2020 and upgrading EBITDA and cash flow forecasts.

Linx Grows 11% in Net Revenue in the Second Quarter of 2020 Compared to the Same Period In 2019

Retrieved on: 
Wednesday, August 12, 2020
Professional services, Retail, Technology, Other Retail, Finance, Software, Linx S.A., Earnings before interest, taxes, depreciation, and amortization, Finance, Linx, Computer companies, Software industry

In 2Q20, total recurring revenue reached BRL 213.1 million, 13.2% higher than the same period in 2019 and equivalent to 87% of gross revenue.

Key Points: 
  • In 2Q20, total recurring revenue reached BRL 213.1 million, 13.2% higher than the same period in 2019 and equivalent to 87% of gross revenue.
  • Linx's net revenue was BRL 213.5 million, which represented an increase of 10.8% when compared to 2Q19.
  • Adjusted EBITDA reached BRL 60.3 million in the quarter and the adjusted EBITDA margin was 28.2%.
  • Publicly traded at B3 since 2013, Linx also became the first Brazilian publicly traded software company at NYSE in 2019.

Black Diamond Reports Second Quarter 2020 Results

Retrieved on: 
Tuesday, August 11, 2020
Earnings before interest, taxes, depreciation, and amortization, Fundamental analysis, Private equity, Profit, Finance, Money, Economy

CALGARY, Alberta, Aug. 11, 2020 (GLOBE NEWSWIRE) -- Black Diamond Group Limited ("Black Diamond", the "Company" or "we"), (TSX:BDI), a leading provider of space rental and workforce accommodation solutions, today announced its operating and financial results for the three and six months ended June30, 2020 (the "Quarter") compared with the three and six months ended June30, 2019 (the "Comparative Quarter").

Key Points: 
  • CALGARY, Alberta, Aug. 11, 2020 (GLOBE NEWSWIRE) -- Black Diamond Group Limited ("Black Diamond", the "Company" or "we"), (TSX:BDI), a leading provider of space rental and workforce accommodation solutions, today announced its operating and financial results for the three and six months ended June30, 2020 (the "Quarter") compared with the three and six months ended June30, 2019 (the "Comparative Quarter").
  • In the second quarter of 2020, Black Diamond reported consolidated revenue of $37.3 million, Adjusted EBITDA of $9.9 million, and core rental revenue of $14.4 million.
  • On January 15, 2020, Black Diamond announced TSX approval of a Normal Course Issuer Bid ("NCIB").
  • At the end of the Quarter, Net Debt of $108.9 million was down modestly from $110.6 million in the first quarter of 2020.

Medexus Pharmaceuticals Reports Record Revenue of $27.5 Million and $5.0 Million of Adjusted EBITDA* for the First Quarter of Fiscal 2021

Retrieved on: 
Tuesday, August 11, 2020
Earnings before interest, taxes, depreciation, and amortization, Fundamental analysis, Private equity, Profit, Finance, Economy

This is also an increase over the $4.2 million in Adjusted EBITDA* achieved in the prior quarter, the three-month period ended March 31, 2020.

Key Points: 
  • This is also an increase over the $4.2 million in Adjusted EBITDA* achieved in the prior quarter, the three-month period ended March 31, 2020.
  • Achieved operating income of $1.6 million, compared to an operating loss of $1.1 million for the same period last year.
  • Available liquidity of $14.5 million at June 30, 2020, compared to $7.4 million at March 31, 2020.
  • Adjusted EBITDA* for the three-month period ended June 30, 2020 was $5.0 million compared to $0.5 million for the three-month period ended June 30, 2019.

Medicure Reports Financial Results for Quarter Ended June 30, 2020

Retrieved on: 
Tuesday, August 11, 2020
Finance, Money, Fundamental analysis, Profit, Economy, Earnings before interest, taxes, depreciation, and amortization, Private equity, Amortization

Net income for the quarter ended June 30, 2020 was $19,000 compared to net loss of $957,000 for the quarter ended June 30, 2019; and

Key Points: 
  • Net income for the quarter ended June 30, 2020 was $19,000 compared to net loss of $957,000 for the quarter ended June 30, 2019; and
    Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA1) for the quarter ended June 30, 2020 was $263,000 compared to adjusted EBITDA of $103,000 for the quarter ended June 30, 2019; and
    Recorded total net revenue from the sale of products of $2.7 million during the quarter ended June 30, 2020 compared to $6.3 million for the quarter ended June 30, 2019;
    Recorded total net revenue from the sale of AGGRASTAT of $2.6 million during the quarter ended June 30, 2020 compared to $6.2 million for the quarter ended June 30, 2019.
  • ZYPITAMAGTM contributed $103,000 for the three months ended June 30, 2020 compared to $9,000 for the three months ended June 30, 2019.
  • Additionally, SNP, which was first sold commercially during 2020, contributed $17,000, during the three months ended June 30, 2020.
  • ZYPITAMAGTM contributed $266,000 for the six months ended June 30, 2020 compared to $9,000 for the six months ended June 30, 2019.