Brief: Biocartis Group FY Total Operating Income Up At 37.7 Million Euros

Biocartis NV

05/03/2020 06:36

March 5 (Reuters) - BIOCARTIS GROUP NV  BCART.BR :
    * FY TOTAL OPERATING INCOME EUR 37.7 MILLION VERSUS EUR 28.7
MILLION YEAR AGO
    * ANNOUNCES 2019 RESULTS AND 2020 OUTLOOK
    * ON CORONAVIRUS:  IMPACT COVID-19 OUTBREAK: GUIDANCE FOR
2020
ASSUMES A MODERATE IMPACT OF ONGOING WORLDWIDE COVID-19 OUTBREAK
    * TARGETED CASH POSITION IN RANGE OF EUR 110M BY 2020 YEAR
END
    * SEES 2020 COMMERCIAL CARTRIDGE VOLUME: TARGETING A
YEAR-OVER-YEAR COMMERCIAL VOLUME GROWTH IN RANGE OF 30%
    * SEES 2020 INSTALLED BASE: TARGETING AN INSTALLED BASE
GROWTH IN
RANGE OF 300-350 NEW INSTRUMENT PLACEMENTS.
    * FY NET LOSS EUR 64.1 MILLION VERSUS LOSS OF EUR 48.2
MILLION
YEAR AGO
    * CASH AND CASH EQUIVALENTS AMOUNTED TO EUR 179M AS PER 31
DECEMBER 2019
    * FY TOTAL PRODUCT SALES INCREASED YEAR-OVER-YEAR WITH 29%
TO EUR
24.2M IN 2019 (EUR 18.8M IN 2018)

Source text for Eikon:  ID:nGNEb6Nrs4 
Further company coverage:  BCART.BR 

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