Brief: Cegedim H1 Operating Result Swings to Loss Of 3.6 Million Euros, 2019 Targets Revised

Cegedim SA

19/09/2019 17:05

Sept 19 (Reuters) - CEGEDIM SA  CGDM.PA :
    * H1 OPERATING LOSS EUR 3.6 MILLION VERSUS PROFIT EUR 2.3
MILLION
YEAR AGO
    * 2019 REVENUE AND EBITDA TARGETS REVISED
    * GROUP IS UPGRADING ITS OUTLOOK FOR 2019 AND NOW EXPECTS
LIKE-FOR-LIKE REVENUE AND EBITDA GROWTH TO BE HIGHER THAN 5%
    * IN H2 2019, GROUP DOES NOT EXPECT ANY SIGNIFICANT
ACQUISITIONS
AND IS NOT ISSUING ANY EARNINGS ESTIMATES OR FORECASTS.
    * BREXIT IS UNLIKELY TO HAVE A MATERIAL IMPACT ON GROUP
EBIT.
    * NO CONTRACTS WITH ENTITIES IN UK CONTAIN CLAUSES DEALING
WITH
BREXIT.
    * H1 CASH FLOW AFTER COST OF NET FINANCIAL DEBT AND TAXES
CAME TO
EUR 36.6 MILLION AT JUNE 30, 2019, VERSUS EUR 26.0 MILLION AT
JUNE 30, 2018
    * FIRST-HALF EBIDTA GREW 12.9% BEFORE THE IFRS 16 IMPACT
    * H1 LOSS ATTRIBUTABLE TO THE OWNERS OF THE PARENT EUR 10.2
MLN VS
PROFIT EUR 0.7 MLN YEAR AGO
    * H1 REVENUE EUR  245.8 MLN VS EUR 227.6 MLN YR AGO

Source text for Eikon:  ID:nGNE1kTTCG 
Further company coverage:  CGDM.PA 

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