Brief: algoWatt H1 Net Loss Shrinks To EUR 1.8 Mln

algoWatt SpA

03/08/2022 13:35

Aug 3 (Reuters) - algoWatt SpA  ALW.MI :
    * H1 REVENUE EUR 9.3 MILLION VERSUS EUR 9.8 MILLION YEAR AGO
    * EBITDA ABOVE PLAN FORECASTS EXPECTED FOR YEAR-END
    * H1 NET LOSS EUR 1.8 MILLION VERSUS EUR 3.7 MILLION YEAR
AGO
    * GROWTH PROSPECTS FOR COMING MONTHS APPEAR TO BE NEGATIVELY
AFFECTED BY CONTINUATION OF INFLATIONARY PHASE, DETERIORATION OF
TRADE BALANCE AND FALL IN HOUSEHOLD CONFIDENCE
    * GROUP IS WORKING TO IMPLEMENT THE RESTRUCTURING PLAN,
COMPLIANCE
WITH  COVENANTS AND TARGETS HAS BEEN INCLUDED IN NEW 2022-2024
PLAN
    * THE DIRECTORS BELIEVE THAT COMPLIANCE WITH THE COVENANT IS
REASONABLY FORESEEABLE

Further company coverage:  ALW.MI 

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