Brief: Altamir Withdraws 2020 Objectives Amid To COVID-19 Crisis

Altamir Sca

07/04/2020 17:07

April 7 (Reuters) - ALTAMIR SCA  ALMP.PA :
    * ON CORONAVIRUS: IS NO LONGER IN A POSITION TO MAINTAIN THE
OBJECTIVES FOR THE YEAR 2020 AS ANNOUNCED
    * PORTFOLIO IS EXPECTED TO BE RESILIENT OVERALL AS IT IS
MAINLY
COMPRISED OF GROWTH COMPANIES, LEADERS IN THEIR FIELDS OF
EXPERTISE. SECTORS AND GEOGRAPHICALLY DIVERSE
    * CASH AND CASH EQUIVALENTS AMOUNTED TO EUR 79 MILLION AS AT
31
DECEMBER 2019
    * ALL PORTFOLIO COMPANIES HAVE MADE THE NECESSARY
ARRANGEMENTS TO
PRESERVE THEIR BUSINESS AND CASH FLOW AS MUCH AS POSSIBLE
    * COMPANY IS IN NEGOTIATIONS WITH ITS BANKS TO INCREASE
LINES OF
CREDIT - WHICH AMOUNTED TO 30 MEUR ON 31 DEC. 2019 - TO BRING
THEM TO MAXIMUM OF 70 MEUR AUTHORISED ON THAT DATE

Source text for Eikon:  ID:nACT62862 
Further company coverage:  ALMP.PA 

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