Brief: Cellularline Q1 Adj. Net Loss Shrinks To EUR 1.3 Mln

Cellularline SpA

12/05/2022 15:11

May 12 (Reuters) - Cellularline SpA  CELL.MI :
    * Q1 ADJUSTED. EBITDA EUR -0.6 MILLION VERSUS EUR -1.2
MILLION
YEAR AGO
    * Q1 REVENUE FROM SALES EUR 23.3 MILLION VERSUS EUR 16.6
MILLION
YEAR AGO
    * ADVISORS SELECTED FOR REVIEW OF ESPRINET'S NON-BINDING
EXPRESSION OF INTEREST
    * IN 2022 MAIN RISK FACTORS MAY COME FROM FURTHER WORSENING
MACROECONOMIC ENVIRONMENT RESULTING FROM ESCALATION OF
RUSSIA-UKRAINE CONFLICT, GENERAL INCREASE IN PRICES
    * SEEN RESULTS IN Q1 OF 2022, MANAGEMENT REMAINS POSITIVE
ABOUT
CONTINUATION OF YEAR FORECASTING GROWTH OVER 2021, BOTH IN TERMS
OF REVENUES AND MARGINS, AND A GRADUAL REDUCTION OF LEVEL OF NET
FINANCIAL DEBT
    * Q1 ADJUSTED. NET LOSS EUR 1.3 MILLION VERSUS LOSS EUR 1.7
MILLION YEAR AGO

Further company coverage:  CELL.MI 

 (Reporting by Gdansk Newsroom)
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