Brief: Ecoslops FY Revenue Up At 7.3 Million Euros

Ecoslops SA

14/02/2019 06:55

Feb 14 (Reuters) - ECOSLOPS SA  ALESA.PA :
    * 2018 SALES UP + 20% TO EUR 7.3 MILLION
    * CASH OF MORE THAN EUR 7 MILLION AT END OF 2018 AND NET
DEBT
CLOSE TO NIL
    * MARSEILLE PLANT HAS RECEIVED ALL ITS ADMINISTRATIVE
AUTHORIZATIONS, AS WELL AS FIRM FINANCING FROM THREE BANKS FOR
EUR 6.5M AND A ZERO INTEREST LOAN FROM PACA REGION
    * MARSEILLE PLANT CONSTRUCTION IS ONGOING AND OPENING IS
SCHEDULED
FOR LATE 2019
    * OPENING IS ESTIMATED FOR END OF 2020.
    * PERMIT APPLICATIONS ARE UNDERWAY FOR ANTWERP PLANT, WHOSE
CAPACITY WILL BE TWICE THAT OF MARSEILLE OR SINES (60,000T/YEAR)
    * PERMIT APPLICATIONS ARE UNDERWAY FOR ANTWERP PLANT, WHOSE
CAPACITY WILL BE TWICE THAT OF MARSEILLE OR SINES
    * ANTWERP PLANT OPENING IS ESTIMATED FOR END OF 2020
    * AT END OF 2018, GROUP'S CASH POSITION WAS SUPERIOR TO EUR
7M.
NET DEBT IS CLOSE TO 0
    * IN 2019, SINES AIMS TO PRODUCE 25,000T (AGAINST 19,000T IN
2018), ONLY EXPECTED STOPS BEING RELATED TO PLANNED MAINTENANCE
    * IN 2019, SINES AIMS TO PRODUCE 25,000T (AGAINST 19,000T IN
2018), ONLY EXPECTED STOPS BEING RELATED TO PLANNED MAINTENANCE
-CEO

Source text for Eikon:  ID:nGNE4XmsQD 
Further company coverage:  ALESA.PA 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))