Brief: Emova Group FY EBITDA Up At 3.3 Million Euros

Emova SA

12/03/2020 19:15

March 12 (Reuters) - EMOVA GROUP SA  ALEMV.PA :
    * FY REVENUE EUR 25.8 MILLION VERSUS EUR 22.2 MILLION YEAR
AGO
    * FY EBITDA EUR 3.3 MILLION VERSUS EUR 2.9 MILLION YEAR AGO
    * PROPOSED CAPITAL INCREASE OF APPROXIMATELY EUR 2.9 MILLION
WITH
PREFERENTIAL SUBSCRIPTION RIGHTS MAINTAINED
    * NET RESULT GROUP SHARE EUR 0.1 MILLION VERSUS EUR 1.2
MILLION
YEAR AGO
    * FOR THE 2019/2020 FINANCIAL YEAR, THE GROUP EXPECTS TO
CONTINUE
TO INCREASE ITS SALES BY AND ITS EBITDA
    * GROUP IS PLANNING TO LAUNCH IN COMING WEEKS AN INCREASE OF
CAPITAL OF APPROXIMATELY EUR 2.9 MILLION, WITH SHAREHOLDERS'
PREFERENTIAL SUBSCRIPTION RIGHTS MAINTAINED
    * IN THE UNCERTAIN CONTEXT OF THE CORONAVIRUS OUTBREAK AND
CONTAINMENT MEASURES, THE GROUP WISHES TO REMAIN PRUDENT AND
DOES NOT COMMIT TO ANY CURRENT OR POTENTIAL OBJECTIVES
    * END-SEPT SHAREHOLDERS' EQUITY AMOUNTED TO EUR 32 MILLION
AND NET
FINANCIAL DEBT OF EUR 10.4 MILLION (EUR 9.9 MILLION AT END-SEPT
2018)

Source text: https://bit.ly/2wU7E9u
Further company coverage:  ALEMV.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48587785110;))