Brief: Tie Kinetix Reports Q3 EBITDA At 0.9 Million Euros

ER Capital Nv

15/07/2020 07:14

July 15 (Reuters) - TIE Kinetix NV  TIEH.AS :
    * Q3 TRADING UPDATE
    * Q3 TOTAL REVENUE AMOUNTS TO EUR 4.634K (HY1 2020: EUR
8.686K)
    * Q3 EBITDA AMOUNTS TO € 895K (HY1 2020: € 1.167K)
    * IN Q3 SOME CUSTOMERS OF COMPANY SUFFERED FROM COVID-19
MEASURES
    * AS CASE MAY BE SUCH CUSTOMERS HAVE BEEN GRANTED EXTENDED
PAYMENT
TERMS OR OTHER MECHANISMS TO HELP THEM THROUGH THIS DIFFICULT
PERIOD
    * EXPECTS THAT MORE SUCH CUSTOMER SITUATIONS MAY OCCUR IN
NEXT
PERIODS, WITH DIMINISHING EFFECT OF GOVERNMENTAL SUPPORT
PROGRAMS AND POTENTIALLY NEGATIVE EFFECTS OF DECREASING GDP ON
OUR CUSTOMER'S INCOME
    * MOST OF ITS CUSTOMER BASE IS IN SECTORS THAT ARE ROBUST IN
ECONOMICALLY CHALLENGING TIMES

Source text for Eikon:  ID:nNDL1482cz 
Further company coverage:  TIEH.AS 

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