Brief: Akwel H1 Revenue Down At 387.0 Million Euros

Akwel SA

30/07/2020 18:28

July 30 (Reuters) - Akwel SA  AKW.PA :
    * H1 REVENUE FELL 31.7 PERCENT TO 387 MILLION EUR
    * H1 REVENUE EUR 387.0 MILLION VERSUS EUR 566.5 MILLION YEAR
AGO
    * NET FINANCIAL DEBT (EXCLUDING IMPACT OF IFRS 16) FELL BY
EUR 42M
OVER HALF-YEAR, WITH A NEW FALL OF EUR 17.5M IN Q2 AFTER
DISBURSEMENT OF DIVIDEND
    * HAS A POSITIVE NET CASH POSITION (EXCLUDING IFRS 16) OF
EUR
17.5M, WITH AVAILABLE CASH RESERVES OF EUR 158M
    * GROUP'S FINANCIAL SOLIDITY HAS ENABLED IT TO COME THROUGH
THIS
UNPRECEDENTED CRISIS IN GLOBAL CAR PRODUCTION, WITH AN UPTURN IN
ITS ACTIVITIES CONFIRMED IN FIRST AVAILABLE FIGURES FOR JULY
2020
    * HAS SUSPENDED ITS GROWTH OBJECTIVES FOR FINANCIAL YEAR IN
VIEW
OF LACK OF VISIBILITY OF DEVELOPMENTS IN GLOBAL MARKET UP TO END
OF 2020

Source text for Eikon:  ID:nGNE9DP8v1 
Further company coverage:  AKW.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))