Brief: Actia Group Q1 Revenue Down At 117.1 Million Euros

Actia SA

13/05/2020 06:07

May 13 (Reuters) - Actia Group SA  MRSP.PA :
    * Q1 REVENUE EUR 117.1 MILLION VERSUS EUR 134.4 MILLION YEAR
AGO
    * ON CORONAVIRUS:  ANTICIPATES A SIGNIFICANT IMPACT OF THE
PANDEMIC WITH A DROP IN SALES OF AROUND 25% IN 2020
    * AT THE BEGINNING OF MAY 2020, 60% OF THE GROUP'S WORKFORCE
IN
FRANCE IS OPERATIONAL (30% ON SITE AND 30% TELEWORKING)
    * INTERNATIONALLY, THE SITES ARE GRADUALLY BEING RESTARTED
    * ON COVID:  GOVERNMENT AID HAS BEEN ACTIVATED BUT WILL NOT
BE
ABLE TO COMPENSATE FOR THE DROP IN ACTIVITY WHICH WILL GENERATE
LOSSES OVER THE FINANCIAL YEAR AND THEREFORE BREACHES OF
COVENANTS
    * HEALTH CRISIS WILL GENERATE ADDITIONAL DEBT OVER THE YEAR
    * FOLLOWING MANAGEMENT BOARD AND SUPERVISORY BOARD MEETINGS,
SHAREHOLDERS WILL BE ASKED TO APPROVE A GROSS DIVIDEND OF 0.15
EURO PER SHARE FOR 2019

Source text for Eikon:  ID:nBw4P8kn3a 
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