Brief: Compagnie Des Alpes 9-Month Consolidated Turnover Down At 483.5 Million Euros

Compagnie des Alpes SA

23/07/2020 17:10

July 23 (Reuters) - COMPAGNIE DES ALPES SA  CDAF.PA :
    * 9M REVENUE
    * CONSOLIDATED TURNOVER FOR FIRST 9 MONTHS OF FINANCIAL YEAR
2019/2020, REACHED € 483.5 MILLION, DOWN 27.8%
    * ALL OF THE GROUP'S SKI AREAS REMAINED CLOSED FOR MOST OF
THE
THIRD QUARTER
    * AS OF MARCH 31, 2020, 12-MONTH NET FINANCIAL DEBT / EBO
(EXCLUDING IFRS 16) RATIO WAS 2.23X FOR A GROUP COVENANT WHICH
IS 3.5X
    * HAS INITIATED DISCUSSIONS WITH ITS LENDERS ON OBTAINING AN
EXEMPTION FROM RESPECTING ITS COMMITMENTS IN TERMS OF LEVERAGE
(COVENANT)

Source text: https://bit.ly/2OTjmqg
Further company coverage:  CDAF.PA 

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