Brief: Envipco Holding Q1 Net Loss Widens To 1.6 Million Euros

Envipco Holding NV

01/06/2020 06:35

June 1 (REUTERS) - ENVIPCO HOLDING NV  ENVI.AS :
    * ANNOUNCED ON MAY 31 : Q1 OPERATING REVENUES EUR 7.8 MLN VS
EUR
8.2 MLN YR AGO
    * Q1 EBITDA LOSS OF EUR 0.4 MLN VS LOSS OF EUR 0.2 MLN YR
AGO
    * GROSS PROFIT MARGIN REMAINED STABLE AT 35.0% WHEN
COMPARING Q1
2020 TO Q1 2019
    * Q1 NET LOSS EUR 1.6 MLN VS LOSS EUR 1.3 MLN YEAR AGO
    * OUTLOOK: THE COMPANY CERTAINLY HAS AND WILL BE NEGATIVELY
IMPACTED BY COVID-19 DURING 2020
    * THE MAJORITY OF THE NORTH AMERICA IMPACT WILL BE FELT IN
Q2 2020
WITH THE EXPECTATION THAT NORTH AMERICA WILL NORMALISE
THEREAFTER FOR THE REMAINDER OF THE YEAR
    * EUROPEAN OPERATIONS ARE RECOVERING IN Q2 2020 WITH THE
EXPECTATION FOR SUSTAINED PERFORMANCE FOR THE REMAINDER OF THE
YEAR
    * WELL POSITIONED FINANCIALLY TO EXECUTE DURING THIS
CHALLENGING
PERIOD AS RESULT OF NEW USD $6.0M TERM LOAN AND ALSO THE US PPP
ASSISTANCE LOAN OF $1.8M

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nNDL113tgz
    
 Further company coverage:  ENVI.AS  
   


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