Brief: Ateme FY Net Profit Group Share Up At EUR 4.6 Million

Ateme SA

26/03/2020 17:34

March 26 (Reuters) - Ateme SA  ATEME.PA :
    * ANNUAL RESULTS
    * FY NET PROFIT GROUP SHARE EUR 4.6 MILLION VERSUS EUR 1.7
MILLION
YEAR AGO
    * FY REVENUE EUR 66.3 MILLION VERSUS EUR 56.5 MILLION YEAR
AGO
    * FY OPERATING PROFIT EUR 4.7 MILLION VERSUS EUR 1.3 MILLION
YEAR
AGO
    * AS AT DECEMBER 31, 2019, NET FINANCIAL DEBT STOOD AT EUR
-3.7
MILLION (CASH SURPLUS)
    * END-DEC CASH FLOW INCREASED BY EUR 4.1 MILLION
    * ATEME'S ACTIVITY IN THE ASIA-PACIFIC REGION WAS IMPACTED
BY THE
COVID-19 OUTBREAK EARLIER THIS YEAR
    * END-DEC CASH AND CASH EQUIVALENTS AT 10.3 MILLION EUROS
COMPARED
TO 6.2 MILLION EUROS IN 2018
    * FOR THE MOMENT, WE ARE NOT ENCOUNTERING ANY MAJOR
LOGISTICAL
PROBLEMS
    * GIVEN THE DEGREE OF UNCERTAINTY ASSOCIATED WITH THE
PANDEMIC AND
ITS EFFECTS ON THE MARKETS WE SERVE, WE ARE SUSPENDING THE
TEMPORARY FINANCIAL TARGETS OF 20% REVENUE GROWTH BUSINESS
    * POTENTIAL IMPACT OF COVID-19 WITH POSTPONEMENT OF MAJOR
SPORTING
EVENTS SUCH AS UEFA EUROPEAN FOOTBALL CHAMPIONSHIP 2020 AND
TOKYO 2020 SUMMER OLYMPICS
    * WE HAVE CONFIDENCE IN THE RESILIENCE OF OUR BUSINESS AND
OUR
ABILITY TO BOUNCE BACK
    * WE DO NOT EXPECT SPECTACULAR SLOWDOWN IN OUR ACTIVITY IN
SHORT
TERM, TO BE SUPPORTED BY RECURRING REVENUE (AND CASH) FLOWS PUT
IN PLACE SINCE BEGINNING OF 2019
    * TEMPORARY SUSPENSION OF FINANCIAL TARGETS DUE TO THE
CORONAVIRUS
CRISIS

Source text for Eikon:  ID:nACT62689 
Further company coverage:  ATEME.PA 

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