Brief: Envipco Holding Q3 Net Result Up At EUR 1.4 Mln

Envipco Holding NV

24/11/2020 18:24

Nov 24 (Reuters) - Envipco Holding NV  ENVI.AS :
    * COMPANY HAS ADEQUATE FINANCIAL RESOURCES TO CONTINUE TO
EXECUTE
DURING THESE CHALLENGING TIMES
    * COMPANY HAS SEEN SUSTAINED IMPROVEMENTS DURING Q3 2020
    * Q3 OPERATING RESULTS EUR 1.1 MILLION VERSUS EUR 0.7
MILLION YEAR
AGO
    * IMPACT IS ESPECIALLY SEEN IN NORTH AMERICA WHICH COULD
DELAY
FULL RETURN OF NORMALISED THROUGHPUT VOLUME UNTIL Q1/Q2 OF 2021
    * OUR EUROPEAN BUSINESS IS LESS IMPACTED WITH SWEDEN
EXPECTED TO
FINISH A STRONG YEAR IN NEW MACHINE SALES AND SERVICE REVENUES
FROM AN INCREASING INSTALLED BASE IN 2020
    * ALSO CONTINUE TO ENGAGE A NUMBER OF OTHER EUROPEAN MARKETS
FOR
RVM SALES IN Q4 AND EARLY 2021
    * Q3 NET RESULTS EUR 1.4 MILLION VERSUS EUR 0.3 MILLION YEAR
AGO
    * GENERATED A NEGATIVE EUR 0.72M CASH FLOW FROM ITS
OPERATING
ACTIVITIES FOR FIRST NINE MONTHS OF 2020
    * WE EXPECT SCOTTISH MARKET OPPORTUNITY TO GAIN MOMENTUM IN
EARLY
2021 WHEN ADMINISTRATOR IS APPOINTED
    * Q3 OPERATING REVENUES EUR 9.2 MILLION VERSUS EUR 10.1
MILLION
YEAR AGO
    * WE EXPECT NO DELAY IN SCOTLAND OF DRS IMPLEMENTATION DATE
OF
JULY 2022

Source text for Eikon:  ID:nNDL32WGjj 
Further company coverage:  ENVI.AS 

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