Brief: Amplitude Surgical H1 Attributable Net Result Swings To Profit Of 5.3 Million Euros

Amplitude Surgical SA

25/03/2020 17:38

March 25 (Reuters) - Amplitude Surgical SA  AMPLI.PA :
    * MARKED IMPROVEMENT IN OPERATIONAL PERFORMANCES IN H1
2019-20
    * CASH AND CASH EQUIVALENTS OF €19.1 MILLION AT DECEMBER 31,
2019
    * H1 ATTRIBUTABLE NET INCOME EUR 5.3 MILLION VERSUS LOSS OF
EUR
7.2 MILLION YEAR AGO
    * H1 RECURRING OPERATING PROFIT OF +€0.8 MILLION
    * H1 EBITDA EUR 11.3 MILLION VERSUS EUR 8.0 MILLION YEAR AGO
    * GROUP IS CONFIDENT THAT ACTIVITY WILL RAPIDLY TAKE OFF
AGAIN
ONCE THE CURRENT SANITARY CRISIS COMES TO AN END
    * WE FIRMLY BELIEVE THAT THE SOLIDITY OF OUR FINANCIAL
STRUCTURE
WILL ENABLE US TO COPE WITH THE CHALLENGES OF THE COMING MONTHS
- CEO
    * ACTIVITY WILL BE SUBSTANTIALLY REDUCED OVER COMING WEEKS
GIVEN
POSTPONEMENT OF SURGICAL PROCEDURES AS WELL AS SUSPENSION OF AIR
LINKS AND THE CLOSING OF LAND BORDERS
    * END-DEC NET FINANCIAL DEBT WAS €103.4 MILLION, VERSUS
€104.7
MILLION AT JUNE 30, 2019

Source text for Eikon:  ID:nBw9rqLk1a 
Further company coverage:  AMPLI.PA 

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