Brief: Archos EBITDA Loss Narrows To 10.2 Million Euros

Archos SA

10/06/2020 17:44

June 10 (Reuters) - Archos SA  ARCH.PA :
    * RECORDED SALES OF €35.4 MILLION FOR 2019 FINANCIAL YEAR,
COMPARED WITH €63.3 MILLION FOR 2018 FINANCIAL YEAR
    * FY EBITDA LOSS EUR 10.2 MILLION VERSUS LOSS OF EUR 12.7
MILLION
YEAR AGO
    * FY NET LOSS EUR 36.5 MILLION VERSUS LOSS OF EUR 23.0
MILLION
YEAR AGO
    * RESTRUCTURING PLAN LAUNCHED IN THE SECOND HALF OF 2019
    * EPIDEMIC HAS HAD A SIGNIFICANT IMPACT ON THE ARCHOS GROUP
SINCE
JANUARY 2020
    * TO DATE, SUPPLIES ARE IMPROVING, BUT WITH PRICE INCREASES
ON
COMPONENTS AND TRANSPORT AND LOGISTICS SERVICES
    * PRODUCT SALES REMAINED VERY DISRUPTED IN APRIL AND MAY AND
WILL
PROBABLY CONTINUE TO DISRUPT AT LEAST THROUGHOUT THE SECOND
QUARTER OF 2020
    * TO DATE, FIRST 4 TRANCHES OF OCA-BSA HAVE BEEN DRAWN FOR A
NET
AMOUNT OF €3.7 MILLION

Source text : https://bit.ly/2YkSyUu
Further company coverage:  ARCH.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7785110;))