Brief: Novisource Recurring EBITDA Up At 1.0 Million Euros

Almunda Professionals NV

11/05/2020 07:06

May 11 (Reuters) - NOVISOURCE NV  NOVI.AS :
    * COVID-19 CRISIS IS EXPECTED TO HAVE NEGATIVE IMPACT ON
RESULTS
OVER WHOLE FY 2020
    * FY RECURRING EBITDA UP 25% TO EUR 1,0 MILLION VERSUS EUR
0.8
MILLION YEAR AGO
    * WITH STRONG SOLVENCY AND GOOD CASH POSITION, COMPANY CAN
MAINTAIN ITS CAPACITY TO CONTINUE ITS GROWTH AFTER TEMPORARY
DROP IN DEMAND
    * FY REVENUE EUR 13.8 MILLION, DOWN 20% VERSUS YEAR AGO
    * FY NET RESULT EUR 0.3 MILLION VERSUS EUR 0.6 MILLION YEAR
AGO
    * CASH POSITION REMAINS STRONG AND AMOUNTS TO € 3.1 MILLION
AT END
OF 2019 (2018: € 3.8 MILLION)
    * DUE TO UNCERTAINTIES COVID-19 DECIDED TO NOT PROPOSE TO
PAY CASH
DIVIDEND

Source text for Eikon:  ID:nNDLl2cp6 
Further company coverage:  NOVI.AS 

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