Brief: ABEO: COVID-19 Will Affect Recurring EBITDA Margin Expected For March

Abeo SA

20/04/2020 06:57

April 20 (Reuters) - ABEO SAS  ABEO.PA :
    * INFORMATION ON COVID-19 AND TOKYO OLYMPIC GAMES
    * FOR 11-MONTH PERIOD FROM 1 APRIL 2019 TO 29 FEBRUARY 2020,
ABEO
POSTED A 7.3% GROWTH IN BUSINESS (1.3% ORGANIC GROWTH)
    * FOR 2019/20 (ENDED 31 MARCH 2020), GROUP'S LEVEL OF
BUSINESS
WILL THEREFORE PROBABLY BE BELOW FORECASTS AND REVENUE IS
ESTIMATED TO BE AROUND EUR235M (VERSUS EUR230M FOR PREVIOUS
YEAR)
    * COVID-19 WILL AUTOMATICALLY AFFECT RECURRING EBITDA MARGIN
EXPECTED FOR MARCH
    * IT IS CURRENTLY DIFFICULT TO QUANTIFY EFFECTS ON BUSINESS
OVER
COMING MONTHS OF 2020/21 FINANCIAL YEAR
    * TO DATE, ABEO HAS NOT FACED ANY CANCELLATION OF ORDERS BUT
HAS
HAD TO POSTPONE A NUMBER OF ROLL-OUTS DUE TO MOVEMENT
RESTRICTIONS AND SITE CLOSURES
    * FIRST TWO MONTHS OF Q4 OF 2019/20 FISCAL YEAR (JANUARY 1
TO
MARCH 31, 2020) RESULTED IN ACCELERATION OF ORGANIC GROWTH TO
5.5% FOR JAN. AND FEB. COMBINED

Source text for Eikon:  ID:nACT63021 
Further company coverage:  ABEO.PA 

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