Brief: Bassac H1 Net Result Group Share Down At EUR 29.9 Million

Bassac SA

18/09/2020 17:20

Sept 18 (Reuters) - Bassac  BASS.PA :
    * H1 RESULTS
    * H1 NET RESULT GROUP SHARE EUR 29.9 MILLION VERSUS EUR 39.1
MILLION YEAR AGO
    * H1 RECURRING OPERATING RESULT EUR 55.2 MILLION VERSUS EUR
67.3
MILLION YEAR AGO
    * OUTLOOK: STRONG LIQUIDITY ENABLING IT TO FACE THE ECONOMIC
AND
FINANCIAL DIFFICULTIES RELATED TO THIS EXCEPTIONAL AND PROLONGED
CRISIS
    * AS OF JUNE 30, 2020, THE ORDER BOOK AMOUNTED TO EUR 1,419
MILLION
    * CONTROLLED LEVEL OF NET FINANCIAL DEBT (27% OF EQUITY AT
30 JUNE
2020)
    * CONSOLIDATED NET DEBT AMOUNTED TO €135.5M AT 30 JUNE 2020,
UP
€46.3M COMPARED WITH THE END OF 2019
    * FRANCE LOCKDOWN IMPACT: REVENUE AND MARGIN WILL BE LOWER
THAN IN
2020 THAN IN 2019
    * RETAINS GOOD VISIBILITY FOR THE COMING HALF-YEARS, IN A
MARKET
CONTEXT DISRUPTED BY THE COVID-19 PANDEMIC

Source text for Eikon:  ID:nACT65083 
Further company coverage:  BASS.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))