Brief: ESI Group FY Adjusted EBIT Of EUR 3.7 Mln

ESI SA

16/03/2021 17:29

March 16 (Reuters) - ESI GROUP SA  ESIG.PA :
    * FY SALES 132.6 MILLION EUR
    * FY ADJUSTED EBIT AT EUR 3.7 MILLION; FY NET RESULT AT EUR
1.4
MILLION
    * FY GROSS MARGIN RATE INCREASED TO 74.5% VERSUS 73.4% IN
2019
    * FY REVENUE EUR 132.6 MILLION VERSUS EUR 146.2 MILLION YEAR
AGO
    * OUTLOOK: CLEAR ROADMAP ALIGNING ALL GROUP EFFORTS TO
ACCELERATE
REVENUE GROWTH
    * OUTLOOK: COMMITTED TO CONTINUING TO MANAGE COSTS IN 2021
    * OUTLOOK: Q1 REVENUE CURRENTLY EXPECTED TO BE IN RANGE OF
EUR 52M
TO EUR 55M
    * ESI GROUP TOOK ACTION TO REDUCE COSTS TO EBIT BY 6.6% TO
EUR
128.9M VERSUS EUR 137.9M IN FY19
    * FY OPERATING COSTS (RESEARCH AND DEVELOPMENT, S&M & G&A)
DECREASED BY 4.2% AT EUR 95.1 M
    * DESPITE DECREASE IN EBIT, FY NET RESULT REMAINS POSITIVE
AT EUR
1.4 MILLION IN 2020
    * END-2020 NET FINANCIAL DEBT DECREASED TO EUR 24.9 M VERSUS
EUR
29.4 M IN 2019
    * STRONG CASH POSITION END OF YEAR AT EUR 22.5M

Source text for Eikon:  ID:nBw8ZwsGa 
Further company coverage:  ESIG.PA 

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