Brief: Avantium H1 EBITDA Loss Widens To EUR 7.1 Mln

Avantium NV

11/08/2021 06:07

Aug 11 (Reuters) - AVANTIUM NV  AVTX.AS :
    * ANNOUNCES FIRST HALF 2021 RESULTS: AVANTIUM MAKES
COMMERCIAL
PROGRESS WHILE FINANCING DISCUSSIONS FOR THE FDCA FLAGSHIP PLANT
CONTINUE
    * REVENUES INCREASED IN THE FIRST HALF OF 2021 BY 11% TO
€4.7
MILLION (HY 2020: €4.3 MILLION)
    * CASH POSITION WAS €43.4 MILLION ON 30 JUNE 2021 (31
DECEMBER
2020: €26.6 MILLION)
    * LOSS FOR THE HALF YEAR WAS €-10.9 MILLION (HY 2020: €-11.0
MILLION)
    * H1 EBITDA LOSS EUR 7.1 MILLION VERSUS LOSS OF EUR 6.9
MILLION
YEAR AGO
    * FOR AVANTIUM RENEWABLE POLYMERS, WE CONTINUE TO EXPLORE
ALL
OPPORTUNITIES TO ACQUIRE THE OUTSTANDING FINANCING TO ALLOW A
POSITIVE FID ON THE FDCA FLAGSHIP PLANT IN THE SECOND HALF OF
2021
    * AS OF JUNE 2021, AVANTIUM HAS NOT SECURED THE FULL FUNDING
PACKAGE FOR ITS FDCA FLAGSHIP PLANT
    * IN THE FIRST HALF OF 2021, THE SITUATION AROUND THE
CURRENT
PANDEMIC SEEMS TO BE DEVELOPING POSITIVELY

Source text: https://bit.ly/37w8Rmn
Further company coverage:  AVTX.AS 

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