HOCHDORF Holding Ltd: 2020 interim results better than previous year

HOCHDORF Group Press Release: Business Update

Hochdorf (pta023/22.07.2020/17:45 UTC+2) 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.

(end)

Emitter:	HOCHDORF Holding Ltd Siedereistrasse 9 6281 Hochdorf Switzerland
Contact Person:	Dr Christoph Hug
Phone:	+41 41 914 65 62
E-Mail:	christoph.hug@hochdorf.com
Website:	www.hochdorf.com/
ISIN(s):	CH0024666528 (Share)
Stock Exchange(s):	SIX Swiss Exchange