Brief: Eurobio Scientific FY EBITDA Up At 7.0 Million Euros

Eurobio Scientific SA

14/04/2020 07:33

April 14 (Reuters) - EUROBIO SCIENTIFIC SA  ALERS.PA :
    * FY REVENUE EUR 59.1 MILLION VERSUS EUR 50.5 MILLION YEAR
AGO
    * FY EBITDA EUR 7.0 MILLION VERSUS EUR 5.0 MILLION YEAR AGO
    * FY NET PROFIT EUR 3.2 MILLION VERSUS LOSS OF EUR 2.8
MILLION
YEAR AGO
    * HAS SO FAR RECORDED TOTAL ORDER AMOUNT OF AROUND EUR 14
MILLION
FOR ALL TESTS AND EQUIPMENT RELATED TO COVID-19
    * COMPANY ANTICIPATES SLOWDOWN IN ITS ACTIVITY WITH
REDUCTION IN
TURNOVER TO LEVELS SIMILAR TO THOSE USUALLY OBSERVED DURING
HOLIDAY PERIODS
    * TOTAL NET CASH OF EUR 7.6 MILLION AT 31, DEC. 2019
    * TO DATE, INCREASED ACTIVITY LINKED TO COVID-19 HAS MORE
THAN
COMPENSATED FOR THIS SLOWDOWN: COMPANY NOW EXPECTS SIGNIFICANT
INCREASE IN ITS TURNOVER IN FY 2020

Source text for Eikon:  ID:nNDL1KNLt6 
Further company coverage:  ALERS.PA 

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