Brief: Axway Software H1 Net Loss Group Share Stable At EUR 6.0 Mln

74Software SA

27/07/2020 17:44

July 27 (Reuters) - Axway Software SA  AXW.PA :
    * HALF-YEAR 2020: STRONG GROWTH IN SUBSCRIPTION THANKS TO
CONTINUED CUSTOMER TRUST AND COMMITMENT
    * H1 NET LOSS GROUP SHARE EUR 6.0 MILLION VERSUS LOSS EUR
6.1
MILLION YEAR AGO
    * H1 REVENUE EUR 136.6 MILLION VERSUS EUR 138.6 MILLION YEAR
AGO
    * H1 PROFIT FROM OPERATING ACTIVITIES EUR 2.5 MILLION VERSUS
EUR
2.5 MILLION YEAR AGO
    * FREE CASH FLOW TOTALED EUR 4.9 MILLION IN FIRST HALF OF
2020
COMPARED WITH EUR 1.2 MILLION A YEAR EARLIER
    * AT JUNE 30, 2020, AXWAY HAD A SOLID FINANCIAL POSITION,
WITH
CASH OF EUR 24.3 MILLION AND BANK DEBT LIMITED TO EUR 42.0
MILLION
    * 2020 TARGETS PREVIOUSLY ANNOUNCED HAVE BEEN CALLED INTO
QUESTION
BY HEALTH AND ECONOMIC CRISIS LINKED TO COVID-19
    * IN CURRENT CONTEXT RELIABILITY OF FINANCIAL PROJECTIONS IS
LIMITED
    * AXWAY IS TARGETING REVENUE AND OPERATING PROFIT FOR 2020
WITHIN
SAME RANGE AS 2019
    * CONFIRMS ITS MID-TERM AMBITIONS

Source text for Eikon:  ID:nBwb460Fya 
Further company coverage:  AXW.PA 

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