Brief: Archos' Founder, Board Chairman Steps Down

Archos SA

26/02/2021 17:15

Feb 26 (Reuters) - Archos SA  ALJXR.PA :
    * CURRENT OPERATING INCOME WAS - € 3.1 MILLION FOR 2020
COMPARED
TO - € 11.3 MILLION IN 2019
    * 2020 CONSOLIDATED NET RESULT IS -3.4 M€ FOR THE YEAR 2020
COMPARED TO -36.5 M€ IN 2019
    * WILL PRESENT NEW ROADMAP END APRIL 2021
    * CASH POSITION WAS € 9.0 MILLION, UP € 1.8 MILLION COMPARED
TO
PREVIOUS YEAR
    * FY REVENUE EUR 22.8 MILLION VERSUS EUR 35.4 MILLION YEAR
AGO
    * DEPARTURE OF FIVE DIRECTORS, INCLUDING MR HENRI CROHAS,
FOUNDER
OF ARCHOS AND CHAIRMAN OF THE BOARD OF DIRECTORS
    * DEPARTURE OF MR. HENRI CROHAS IS ACCOMPANIED BY
TERMINATION OF
EXCLUSIVE LICENSE AGREEMENT CONCLUDED ON JULY 25, 2016 BETWEEN
PICOWAN AND MR. HENRI CROHAS, IN RETURN FOR PAYMENT BY COMPANY
OF INDEMNITY OF TERMINATION AMOUNTING TO 280,000 EUROS

Source text for Eikon:  ID:nACT68062 
Further company coverage:  ALJXR.PA 

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