Brief: ABEO FY Group Net Income Falls At 0.7 Million Euros

Abeo SA

10/06/2020 17:53

June 10 (Reuters) - Abeo SAS  ABEO.PA :
    * ANNOUNCES FY RESULTS
    * AT THE END OF MARCH 2020, ABEO HAD AVAILABLE CASH OF EUR
56.5
MILLION
    * PROPOSAL TO CANCEL DIVIDEND FOR FINANCIAL YEAR 2019/20
    * FY CURRENT EBITDA (PUBLISHED) OF EUR 22.2 MILLION
    * FY NET INCOME GROUP SHARE PUBLISHED EUR 0.7 MILLION VERSUS
EUR
7.2 MILLION YEAR AGO
    * FY REVENUE PUBLISHED EUR 235.7 MILLION VERSUS EUR 230.4
MILLION
YEAR AGO
    * IS NOT IN A POSITION TO FORMULATE FINANCIAL TARGETS FOR
THE
FINANCIAL YEAR 2020/21
    * OBTAINED TWO LOANS FROM BPI FRANCE FOR TOTAL AMOUNT OF €10
MILLION AND FROM ITS BANKING PARTNER, STATE GUARANTEED LOANS FOR
TOTAL AMOUNT OF €23 MILLION
    * THESE LOANS, 90% OF WHICH ARE GUARANTEED BY FRENCH STATE,
ARE
TAKEN OUT FOR AN INITIAL PERIOD OF ONE YEAR
    * NEW ORDERS AT 31 MARCH 2020 TOTALLED €242 MILLION


Source text : https://bit.ly/3dRU1YX
Further company coverage:  ABEO.PA 

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