Revised Outlook for full year 2020
The Outlook for 2020 is negatively impacted by the portfolio disposal in 2019 and by the Discontinued operations. Based on the Original Outlook, in 2020 EBITDA should result negative for approx. EUR 3.0-4.0M which represents the new level of Athena’s holding costs, sufficient to develop and manage potential new business. The implementation and consolidation of new business will modify the main key financial indicators of the Group.
An amount of EUR 1.0M has been classified as Special Item. The amount is related to an expected contingency connected to the potential settlement of a claim against a former supplier. Consequently, Athena revised the Outlook for 2020 mainly to include the effect of this item.
The Revised Outlook for 2020 compared to the Original Outlook and the actual figures for 2019 and 2018 is presented in the table below: