Brief: Clasquin Q1 Consolidated Gross Profit Up At 17.6 Million Euros

Clasquin SA

30/04/2020 18:04

April 30 (Reuters) - CLASQUIN SA  ALCLA.PA :
    * BUSINESS REPORT Q1
    * Q1 CONSOLIDATED GROSS PROFIT EUR 17.6 MILLION VERSUS EUR
17.2
MILLION YEAR AGO
    * Q1 DECLINE IN NUMBER OF SHIPMENTS (DOWN 9.7% AT CONSTANT
PERIMETER)
    * Q1 CONSOLIDATED SALES EUR 87.1 MILLION VERSUS EUR 77.0
MILLION
YEAR AGO
    * IMPACTS OF CRISIS DO NOT UNDERMINE GROUP'S FUNDAMENTALS
AND
GROWTH STRATEGY, WHICH REMAIN ROBUST OVER MEDIUM AND LONG TERM
    * ON COVID-19: WE FORECAST A SHARP DECLINE IN BUSINESS IN Q2
    * THE COVID-19 PANDEMIC AND THE RELATED LOCKDOWN MEASURES
HAVE
ADVERSELY IMPACTED PRODUCTION AND CONSUMPTION, LEADING TO
UNPRECEDENTED SLUMP IN INTERNATIONAL TRADE
    * GROUP WILL CONTINUE TO TAKE NECESSARY MEASURES TO ADJUST
BREAKEVEN POINT AND SAFEGUARD CASH REQUIREMENTS
    * CHINA-EUROPE RAIL SERVICE IS BACK ON TRACK
    * AIR FREIGHT HAS BEEN MOST IMPACTED SECTOR: AIR FREIGHT
TONNAGE
DOWN 2.8% AND NUMBER OF SHIPMENTS DOWN 9.1%
    * ON COVID-19: AT PRESENT TIME, IMPOSSIBLE TO PRECISELY
EVALUATE
SCALE OR DURATION OF CRISIS
    * CONFIRMED EUR 30M SHORT-TERM REVOLVING CREDIT FACILITY

Source text for Eikon:  ID:nNDLc9hVh2 
Further company coverage:  ALCLA.PA 

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