Brief: Balta Group Q2 Consolidated Revenue Down At 106.7 Million Euros

Belysse NV

10/07/2020 06:45

July 10 (Reuters) - BALTA GROUP NV  BALTA.BR :
    * Q2 2020 CONSOLIDATED REVENUE WAS EUR 106.7M (-36.5% YOY)
    * Q2 2020 NET CASH FLOW WAS EUR 7M POSITIVE, STRENGTHENING
BALTA'S
CASH BALANCE AT END OF Q2 2020 TO CA. EUR 87M
    * SIGNIFICANT NEGATIVE IMPACT OF COVID-19 ON QUARTER, MOST
SEVERELY IMPACTING APRIL, WITH EASING TREND STARTING MID-MAY AND
CONTINUING IN JUNE
    * IMPLEMENTATION OF NEXT, 3-YEAR PROGRAMME DESIGNED TO
DELIVER
SIGNIFICANT IMPROVEMENT IN EARNINGS, RESUMED AS OF EARLY JULY

Source text for Eikon:  ID:nNDLbYcTtN 
Further company coverage:  BALTA.BR 

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