Brief: Atari H1 Revenue Down At 4.3 Million Euros

Atari SA

16/12/2022 17:24

Dec 16 (Reuters) - Atari SA  ALATA.PA :
    * HALF-YEAR 2022/2023 RESULTS
    * H1 REVENUES AT EUR 4.3M, DOWN 27% VERSUS PREVIOUS YEAR
    * IN SECOND HALF OF YEAR, ATARI INTENDS TO CONTINUE TO FOCUS
ON
EXECUTING ITS TURNAROUND STRATEGY AND TRANSFORMATIONAL EFFORTS
ACROSS ALL FOUR LINES OF BUSINESS
    * H1 CURRENT OPERATING INCOME EUR -4.2M (VERSUS EUR -2.8M IN
PREVIOUS YEAR)
    * TOO EARLY TO EXPECT TURNAROUND STRATEGY TO HAVE A
SIGNIFICANT
IMPACT ON REVENUE AND PROFITABILITY.
    * H1 GROSS MARGIN FOR PERIOD STOOD AT EUR 3.3M, STABLE
COMPARED TO
PREVIOUS YEAR
    * AS OF SEPTEMBER 30, 2022 GROUP HAD A CASH POSITION OF EUR
2.5M,
VERSUS A NET CASH AMOUNT OF EUR 0.6M ON MARCH 31, 2022

Source text for Eikon:  ID:nGNEbFyjPQ 
Further company coverage:  ALATA.PA 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))