Brief: Abeo FY Revenues Up At 235.7 Million Euros

Abeo SA

18/05/2020 06:44

May 18 (Reuters) - ABEO SAS  ABEO.PA :
    * ORDER INTAKE AS OF MARCH 31, 2020 AMOUNTED TO € 242
MILLION, UP
2.1%
    * ON COVID-19:  ACTIVITY SLOWED SHARPLY IN MARCH FOLLOWING
THE
SPREAD OF THE COVID-19 CRISIS FROM ASIA TO THE REST OF THE WORLD
    * NOTED A DROP IN ITS BUSINESS VOLUME OF ALMOST 40% IN MARCH
    * EXCLUDING COVID-19 EFFECT, ABEO ANTICIPATES FOR H2 AN
INCREASE
IN RECURRING EBITDA MARGIN COMPARED TO THE FIRST HALF OF THE
YEAR
    * IN NORTHERN EUROPE AND GERMANY, GROUP IS OPERATING AT
ALMOST
FULL CAPACITY
    * REVENUES FOR 2019/20 FINANCIAL YEAR AMOUNTED TO € 235.7
MILLION,
UP + 2.3%
    * START OF 2020/21 FINANCIAL YEAR MORE IMPACTED BY
CONSEQUENCES OF
CURRENT HEALTH CRISIS WHICH CONTINUED TO EXERT PRESSURE ON
GROUP'S BUSINESS, PARTICULARLY IN APRIL
    * IN FRANCE, ACTIVITY HAS BEEN GRADUALLY RESUMING SINCE
MID-APRIL
AFTER HAVING BEEN SHARPLY SLOWED DOWN OR SUSPENDED IN MARCH
    * UNCERTAINTIES MAKE IT IMPOSSIBLE TO DATE TO MAKE
PROJECTIONS ON
THE GROUP'S SALES AND PROFITABILITY IN THE MEDIUM TERM
    * ON COVID-19:  MAINTAINS ITS BACKLOG OF ORDERS AND ONLY
RECORDS
POSTPONEMENTS OF DEPLOYMENT DUE TO TRAVEL RESTRICTIONS AND SITE
CLOSURES
    * START OF 2020/21 FY IS MORE IMPACTED BY CONSEQUENCES OF
ONGOING
HEALTH CRISIS

Source text for Eikon:  ID:nNDL5W6d2x 
Further company coverage:  ABEO.PA 

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