Brief: Actia Group H1 EBITDA Down At 0.2 Million Euros

Actia SA

22/09/2020 06:12

Sept 22 (Reuters) - Actia Group SA  MRSP.PA :
    * H1 NET LOSS EUR 16.3 MILLION VERSUS PROFIT EUR 5.8 MILLION
YEAR
AGO
    * FOR 2020, ACTIA ANTICIPATES A DECLINE IN TURNOVER OF
AROUND 15%,
EXCLUSIVELY DUE TO THE PANDEMIC, AND AIMS TO REGAIN THE SAME
LEVEL OF ACTIVITY AS IN 2019 BY 2021
    * CONSOLIDATED EBITDA FOR THE FIRST HALF OF 2020 WAS €0.2
MILLION,
COMPARED WITH €21.6 MILLION FOR THE SAME PERIOD IN 2019
    * EXPECTS TO REBUILD ITS RESULTS H2 2020 TO ABSORB PART OF
THE
LOSSES INCURRED IN H1
    * FINANCIAL INTEREST, AT €1.7M FOR THE FIRST HALF OF THE
YEAR,
COMPARED WITH €1.9M FOR THE FIRST HALF OF 2019
    * ADAPTATION OF THE COMMERCIAL STRATEGY AND COST-CUTTING
MEASURES
ARE CONTINUING WITH A VIEW TO REBUILDING RESULTS IN THE SECOND
HALF OF 2020 IN ORDER TO GET CLOSER TO OPERATIONAL EQUILIBRIUM
IN 2020

Source text for Eikon:  ID:nBw6tsH6za 
Further company coverage:  MRSP.PA 

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