Brief: ESI Group H1 Sales Down At 80.8 Million Euros

ESI SA

10/09/2020 17:13

Sept 10 (Reuters) - ESI Group SA  ESIG.PA :
    * H1 SALES 80.8 MILLION EUR
    * H1 REVENUE DECREASED 8.5%; COSTS CONTAINED; STABLE GROSS
MARGIN
& EBITDA MARGIN DOWN FROM 24.2% TO 18.6%
    * END-H1 CASH MANAGEMENT UNDER CONTROL (EUR 24.7M VERSUS.
EUR
16.3M IN JUNE FY19)
    * GROSS FINANCIAL DEBT IS EUR 39.6M (VERSUS. EUR 49.6M AS OF
DECEMBER 2019) AND NET DEBT DECREASED TO EUR 14.9M (VERSUS. EUR
29.4M) RELATED TO BUSINESS SEASONALITY. GEARING RATIO (NET DEBT
TO EQUITY) IS 15.6% (VERSUS. 34.4%)
    * H1 EBITDA (BEFORE IFRS 16) IS EUR 15.0M (18.6%) COMPARED
TO EUR
21.3M (24.2%) OVER SAME PERIOD LAST YEAR.
    * GROUP CONTINUED ALIGNING COSTS TO PRIORITIES TO REINFORCE
A PATH
TO SUSTAINABLE GROWTH. THESE MEASURES WILL HAVE A LARGER IMPACT
ON H2FY20 AND FY21

Source text for Eikon:  ID:nBw7Wbhj2a 
Further company coverage:  ESIG.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))