Brief: Akwel H1 Net Profit At EUR 20.2 Mln On Revenue Of EUR 387 Mln

Akwel SA

24/09/2020 17:26

Sept 24 (Reuters) - Akwel SA  AKW.PA :
    * H1 REVENUE 387 MILLION EUR
    * H1 NET PROFIT 20.2 MILLION EUR
    * COVID-19 CRISIS HAD A MAJOR IMPACT ON ACTIVITY IN Q2 OF 2020
    * ON 30 JUNE, THE GROUP HAD A POSITIVE NET CASH POSITION OF €7.7 MILLION,
WITH
€157.8 OF AVAILABLE CASH
    * MARKET VISIBILITY CONTINUES TO BE EXTREMELY LIMITED FOR MONTHS TO COME,
AND
GROUP STILL INTENDS TO PRIORITISE FLEXIBILITY AND EFFICIENCY OF ITS BUSINESS
MODEL
    * IS CONTINUING TO INVEST IN ORDER TO MEET NEW MARKET REQUIREMENTS AS A
PRIORITY
    * IS ALSO READY TO TAKE UP ANY EXTERNAL GROWTH OPPORTUNITIES

Source text for Eikon:  ID:nGNE6BwpQd 
Further company coverage:  AKW.PA 

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