Brief: AST Groupe FY EBITDA Falls To 7.8 Million Euros

AST Groupe SA

24/03/2020 08:23

March 24 (Reuters) - AST GROUPE SA  ASTP.PA :
    * FY REVENUE EUR 201.4 MILLION VERSUS EUR 225.4 MILLION YEAR
AGO
    * NET INCOME GROUP SHARE EUR 2.5 MILLION VERSUS EUR 8.0
MILLION
YEAR AGO
    * FY EBITDA EUR 7.8 MILLION VERSUS EUR 13.8 MILLION YEAR AGO
    * AT THE END OF DECEMBER 2019, THE GROUP'S FINANCIAL
POSITION
REMAINED SOLID WITH CASH OF € 34.9 MILLION
    * ON CORONAVIRUS: IN ORDER TO ENSURE THE SAFETY OF ITS
EMPLOYEES
AND CUSTOMERS, THE GROUP HAS CLOSED ITS SALES OFFICES, TECHNICAL
CENTRES AND POBI FACTORY AND HAS INTRODUCED TELEWORKING FOR ALL
COMPATIBLE POSITIONS TO ENSURE THE CONTINUITY OF HR,
ADMINISTRATIVE, IT AND FINANCIAL SERVICES
    * ON CORONAVIRUS: FOLLOWING THE ANNOUNCEMENT OF THE
CONTAINMENT
MEASURES, THE TEAMS ALSO SUSPENDED WORK IN PROGRESS AND
PROCEEDED TO SECURE ALL OF THE GROUP'S WORKSITES
    * FY OPERATING INCOME EUR 4.0 MILLION VERSUS EUR 12.3
MILLION YEAR
AGO
    * AT END DEC 2019 NET DEBT OF EUR 5.8 MILLION
    * OUTLOOK : CONFIDENT IN ITS ABILITY TO BOUNCE BACK, THE
GROUP
WILL CONTINUE AND FINALIZE ITS TRANSFORMATION, THE FIRST
MEASURES OF WHICH HAVE RESULTED IN AN INCREASE IN THE RATE OF
CONVERSION OF PROSPECTS AND A REDUCTION IN ADMINISTRATIVE DELAYS
(BETWEEN THE CLIENT'S SIGNATURE AND THE START OF WORK) FROM THE
BEGINNING OF 2020
    * GROUP 2020 SALES WERE IN LINE WITH THIS POSITIVE TREND,
WITH
ORDER INTAKE AT END OF FEBRUARY, UP 9% (335 SALES COMPARED WITH
307 FOR THE SAME PERIOD LAST YEAR)
    * HAS FINANCIAL ASSETS ENABLING IT TO MEET ALL OF ITS
MATURITY
DATES OVER THE NEXT 3 MONTHS
    * ON CORONAVIRUS: INTRODUCE SHORT-TIME WORKING FOR A
MAJORITY OF
EMPLOYEES AS OF MARCH 18, WHICH WILL REDUCE THE IMPACT OF THE
DECLINE IN ACTIVITY OVER THE PERIOD

Source text for Eikon:  urn:newsml:reuters.com:*:nACT62625
Further company coverage:  ASTP.PA 

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