Brief: 2CRSi FY Estimated Net Loss At EUR 4.7 Mln

2Crsi SA

16/06/2021 06:47

June 16 (Reuters) - 2CRSI SA  2CRSI.PA :
    * REPORTED ON TUESDAY ESTIMATED 2020/2021 CONSOLIDATED
ANNUAL
RESULTS
    * FY EBITDA EUR 7.3 MLN VERSUS LOSS OF EUR -2.4 MLN IN
2019/20 (14
MONTHS)
    * FY REVENUE EUR 163.3 MLN, IN LINE WITH REVISED TARGET
    * FY NET LOSS GROUP SHARE EUR 4.7 MLN VS LOSS OF EUR 6.4 MLN
IN
2019/20 (14 MONTHS)
    * AS OF END OF 31 MAY 2021, GROUP'S CASH POSITION WAS EUR
10.9 MLN
    * CURRENTLY HAS SUFFICIENT INVENTORIES TO COPE WITH
LENGTHENED
SUPPLY DEADLINES DUE TO COMPONENTS SHORTAGE
    * COMPONENTS SHORTAGE NOW AFFECTS ALL DATA STORAGE PRODUCTS
(CONTROLLERS, HARD DRIVES, FLASH DRIVES) AND PROCESSORS IN
ADDITION TO GRAPHIC CARDS, MEMORY MODULES AND POWER SUPPLIES
    * SEVERAL MILLION EUROS IN INVESTMENTS ARE PLANNED, RESULTS
WILL
BE VISIBLE IN GROUP'S RESULTS OVER NEXT SIX MONTHS AND YEARS TO
COME

Source text for Eikon:  ID:nNDL91ZYjk 
Further company coverage:  2CRSI.PA 

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