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BCRA - Baccarat SA News Story

€153 0.0  0.0%

Last Trade - 29/07/20

Sector
Consumer Cyclicals
Size
Small Cap
Market Cap £114.8m
Enterprise Value £153.6m
Revenue £148.2m
Position in Universe 458th / 852

BRIEF-Baccarat Q1 Group Sales Down At 29.0 Million Euros

Fri 15th May, 2020 5:28pm
May 15 (Reuters) - Baccarat SA  CDBP.PA :
    * IN FIRST QUARTER OF 2020, GROUP'S SALES TOTALLED €29.0
MILLION,
DOWN -17.7%
    * HEAVILY AFFECTED BY COVID-19 PANDEMIC
    * OUTLOOK: FALL IN TURNOVER ON Q2 EXPECTED TO BE LARGER THAN
Q1
    * SEES SIGNIFICANT DROP IN ITS TURNOVER IN 2020 COMPARED TO
2019
AND DETERIORATION IN ITS RESULTS
    * TO MEET EXCEPTIONAL LIQUIDITY NEEDS INDUCED BY CRISIS
BACCARAT
WILL HAVE TO RESORT TO BANK FINANCING WITHIN FRAMEWORK OF LOANS
GUARANTEED BY THE FRENCH STATE (PGE)
    * NET FINANCIAL DEBT, EXCLUDING THE IMPACT OF IFRS 16
AMOUNTED TO
€ 3.1 MILLION AT END MARCH 2020

Source text for Eikon:  ID:nNDL9Lfs2D 
Further company coverage:  CDBP.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48587785110;))
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