Brief: Cegedim H1 Consolidated Net Loss Narrows To EUR 4.6 Mln

Cegedim SA

24/09/2020 17:32

Sept 24 (Reuters) - Cegedim SA  CGDM.PA :
    * H1 REVENUE FELL 3.9 PERCENT TO 236.2 MILLION EUR
    * H1 EPS LOSS 0.20 EUR VERSUS 0.40 EUR LOSS YEAR AGO
    * EBITDA DECREASED BY EUR 7.2 MILLION, OR 15.9%, TO EUR 38.2
MILLION IN H1 2020, COMPARED WITH EUR 45.5 MILLION IN H1 2019
    * COST OF NET FINANCIAL DEBT REMAINED RELATIVELY STABLE AT
EUR 4.6
MILLION IN H1 2020, COMPARED WITH EUR 4.5 MILLION IN H1 2019
    * CONSOLIDATED NET PROFIT CAME TO A LOSS OF EUR 4.6 MILLION
IN H1
2020 COMPARED WITH A LOSS OF EUR 10.2 MILLION IN H1 2019
    * EXPECTS BUSINESS AT ITS TWO OPERATING DIVISIONS TO REBOUND
IN H2
2020, WITH A RETURN TO ORGANIC GROWTH IN REVENUE AND RECURRING
OPERATING INCOME
    * RELATIVE TO 2019, CEGEDIM IS LOOKING FOR NEARLY STABLE FY
2020
REVENUE AND RECURRING OPERATING INCOME
    * TARGETS MAY NEED TO BE REVISED IF COVID-19 CRISIS CAUSES A
SEVERE TIGHTENING OF PUBLIC HEALTH RESTRICTIONS AFTER H1
ACCOUNTS PUBLISHED
    * GROUP DOES NOT EXPECT ANY MATERIAL ACQUISITIONS IN 2020
AND DOES
NOT PROVIDE EARNINGS ESTIMATES OR FORECASTS

Source text for Eikon:  ID:nGNE1HRlq7 
Further company coverage:  CGDM.PA 

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