Brief: Egide FY Net Loss Widens To 2.8 Million Euros

Egide SA

26/03/2020 06:13

March 26 (Reuters) - EGIDE SA  EGID.PA :
    * FY REVENUE ROSE 0.1 PERCENT TO 31.8 MILLION EUR
    * 2019 TURNOVER: EUR 31.8M (+0.1% YOY),
    * 2019 ORDER BOOK: EUR 34.8M (+25% YOY)
    * FY 2019 EBITDA: -EUR 0.1M VERSUS EUR 0.67M IN 2018
    * 2020: FOCUS ON PROFITABILITY AND GROWTH
    * TO THIS DAY, IMPACT OF COVID-19 STILL MINIMAL ON
CUSTOMERS'
GLOBAL PRODUCTION AND DELIVERY REQUIREMENTS
    * FY NET LOSS EUR 2.8 MILLION VERSUS LOSS OF EUR 2.3 MILLION
YEAR
AGO
    * FY 2019 OPERATING RESULTS: -EUR 1.4M
    * ON CORONAVIRUS:  TO THIS DAY, IMPACT OF COVID-19 STILL
MINIMAL
ON CUSTOMERS' GLOBAL PRODUCTION AND DELIVERY REQUIREMENTS
    * ON CORONAVIRUS: TO DATE, NO MAJOR SUPPLY DISRUPTIONS IN
EUROPE
AND UNITED STATES HAVE BEEN SEEN
    * ON CORONAVIRUS: SUPPLY CHAIN IN CHINA IS CONSTANTLY
IMPROVING
    * EGIDE GROUP FORECAST GROWTH IN 2020, SUPPORTED BY EUR 34.8
MILLION IN NEW ORDERS REGISTERED AT END OF 2019, COMPARED TO EUR
31.8 MILLION IN REVENUES IN 2019

Source text for Eikon:  ID:nGNE3Pl6Yp 
Further company coverage:  EGID.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))