Brief: 2CRSI H1 Revenue Up At EUR 78.5 Mln, Maintains FY Revenue Target

2Crsi SA

01/12/2020 06:59

Dec 1 (Reuters) - 2CRSI SA  2CRSI.PA :
    * H1 EBITDA 1.1 MILLION EUR VS LOSS OF 0.8 MLN YR AGO
    * H1 REVENUE OF EUR 78.5 MILLION, IN LINE WITH OBJECTIVE OF
EUR
170-200 MILLION REVENUE FOR FULL YEAR
    * H1 CONSOLIDATED NET LOSS GROUP SHARE EUR ‍​2.5 MLN VS LOSS
EUR
2.2 MLN YR AGO
    * AT 31 AUGUST, INVENTORIES HAD RISEN TO EUR 38.9M, COMPARED
WITH
EUR 34.5M AS OF END-FEBRUARY, MAINLY DUE TO BUSINESS GROWTH AND
THE BUILDING OF INVENTORIES FOR FORTHCOMING DELIVERIES
    * THE GROUP'S NET CASH POSITION STOOD AT EUR 3.1M AT 31
AUGUST
2020 
    * IN ADDITION TO CASH, THE GROUP ALSO HAS AVAILABLE UNDRAWN
CREDIT
LINES TOTALLING EUR 7.9 MLN
    * MAINTAINS ITS TARGET FOR FULL YEAR 2020-21 REVENUE OF
BETWEEN
EUR 170 MLN AND EUR 200 MLN
    * THIS GROWTH IN REVENUE SHOULD AUTOMATICALLY INCREASE ITS
PROFITABILITY

Source text for Eikon:  ID:nEQ5C2wgZa 
Further company coverage:  2CRSI.PA 

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