Brief: Damartex FY Net Loss Widens To EUR 59.4 Mln

Damartex SA

03/08/2020 16:51

Aug 3 (Reuters) - Damartex SA  ALDAR.PA :
    * RESULTS FOR 2019-2020 FINANCIAL YEAR
    * CLOSES THE 2019/2020 FINANCIAL YEAR WITH A TURNOVER OF
€686.2
MILLION
    * AT END-JUNE 2020, GROUP'S NET FINANCIAL DEBT STOOD AT
€-43.8 MN,
COMPARED WITH €-28.2 MN AT THE END OF JUNE 2019
    * FY OPERATING EBITDA WAS €3.5 MN, I.E. 0.5% OF SALES, DOWN
-74.8%.
    * CURRENT OPERATING RESULT (SO-CALLED ROC) WAS NEGATIVE AT
€-25.5
MN OVER THE FINANCIAL YEAR
    * CONFIRMS ITS AMBITION TO CARRY OUT A CAPITAL INCREASE WITH
PREFERENTIAL SUBSCRIPTION RIGHTS FOR SHAREHOLDERS OF AROUND €30
MN BY THE END OF THE YEAR
    * CLOSES THE FINANCIAL YEAR WITH A LOSS OF €-59.4 MILLION
    * WILL NOT PROPOSE A DIVIDEND DISTRIBUTION AT THE ANNUAL
GENERAL
ASSEMBLY SCHEDULED FOR 18 NOVEMBER 2020.

Source text : https://bit.ly/3khrz6q
Further company coverage:  ALDAR.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7785110;))