Brief: Damartex ​9-Month Revenue Drops To 548.1 Million Euros, Company Sees Heavy Losses Over FY

Damartex SA

16/04/2020 17:35

April 16 (Reuters) - DAMARTEX SA  ALDAR.PA :
    * ​9-MONTH REVENUE EUR 548.1 MLN VS EUR 565.1 MLN YR AGO
    * ‍​DAMARTEX ACTIVITY SLOWED CONSIDERABLY IN Q3 AS A RESULT
OF THE
SPREAD OF COVID-19 AND GOVERNMENT MEASURES DEPLOYED IN EUROPE
    * IMPLEMENTATION OF STRICT COST CONTROL AND DEFERRAL OF
NON-ESSENTIAL INVESTMENTS TO SECURE CASH FLOW AND FACE THE
CRISIS
    * ANTICIPATES HEAVY LOSSES OVER THE FINANCIAL YEAR
    * AT THE END OF MARCH, NET FINANCIAL DEBT DETERIORATED TO
EUR
-81.4 MLN
    * IMPLEMENTATION OF PARTIAL ACTIVITY FOR AROUND 40% OF THE
STAFF

    
    
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