Brief: ABEO H1 Reported Net Income Down At 0.4 Million Euros

Abeo SA

11/12/2019 17:11

Dec 11 (Reuters) - ABEO SAS  ABEO.PA :
    * H1 OPERATING INCOME EXCLUDING. IFRS 16 EUR 3.8 MILLION
VERSUS
EUR 7.3 MILLION YEAR AGO
    * H1 NET INCOME EUR 0.4 MILLION REPORTED VERSUS EUR 4.3
MILLION
YEAR AGO
    * FORECASTS 2019/20 REVENUE OF BETWEEN €250M AND €260M
    * ABEO CONTINUES TO IMPLEMENT PERFORMANCE IMPROVEMENT
DRIVERS
AIMED AT BOOSTING THE RECURRING OPERATING MARGIN DURING THE
SECOND HALF OF 2019/20
    * FORECASTS IMPROVEMENT IN OPERATIONAL PERFORMANCE DURING
THE
SECOND HALF OF 2019/20
    * CASH AND CASH EQUIVALENTS AMOUNTED TO €16.0M AT 30
SEPTEMBER
2019
    * NET DEBT STOOD AT €117.0M (INCLUDING A €26.5M INCREASE
RELATED
TO THE APPLICATION OF IFRS 16) COMPARED TO €80.2M AT 31 MARCH
2019

Source text: https://bit.ly/2LLIRc1
Further company coverage:  ABEO.PA 

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