Brief: Dietswell FY EBITDA Turns To Loss Of 1.1 Million Euros

Dolfines SA

27/05/2020 18:14

May 27 (Reuters) - Dietswell SA  ALDIE.PA :
    * FY EBITDA LOSS EUR 1.1 MILLION VERSUS PROFIT EUR 20,000
YEAR AGO
    * AS OF DECEMBER 31, 2019, NET FINANCIAL DEBT STOOD AT 1.06
MILLION EUROS AND CASH AT 0.3 MILLION EUROS
    * FY NET LOSS EUR 2.7 MILLION VERSUS LOSS OF EUR 0.3 MILLION
YEAR
AGO
    * FY CONSOLIDATED REVENUE EUR 6.0 MILLION VERSUS EUR 7.1
MILLION
YEAR AGO
    * GROSS MARGIN STOOD AT 0.41 MILLION EUROS (1.19 MILLION
EUROS IN
2018)
    * DIETSWELL GENERAL MEETING OF SHAREHOLDERS TO BE HELD ON
8TH OF
SEPTEMBER 2020 WILL PERMANENTLY DEDICATE ENERGY TRANSITION IN
ITS ECONOMIC MODEL BY CHANGING ITS NAME FROM DIETSWELL SA TO
DOLFINES SA
    * AS OF DEC 31, 2019, REMAINING NET BOOK VALUE OF THE TWO
SEDLAR
160 AND SEDLAR 250 DRILLING RIGS IS ZERO
    * ALSO BENEFITING FROM OBTAINING PGE LOAN AND ACCELERATED
SETTLEMENT OF CUSTOMER INVOICES OVER LAST FEW MONTHS, CASH TO
DATE HAS BEEN INCREASED TO EUR 0.9 MLN, NET FINANCIAL DEBT
REDUCED TO EUR 0.2 MLN

Source text for Eikon:  ID:nACT63668 
Further company coverage:  ALDIE.PA 

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