Brief: Europacorp FY Net Result Turns To Profit Of EUR 122.7 Million

EuropaCorp SA

24/06/2021 17:46

June 24 (Reuters) - Europacorp SA  ECP.PA :
    * FY OPERATING PROFIT EUR 3.7 MILLION VERSUS LOSS OF EUR 59.1 MILLION YEAR
AGO
    * FY NET INCOME EUR 122.7 MILLION VERSUS LOSS OF EUR 95.1 MILLION YEAR AGO
    * GROUP'S OUTLOOK, SUBJECT TO THE CONTROL OF THE COVID-19 EPIDEMIC, IS TO
PUT INTO
PRODUCTION AS SOON AS POSSIBLE FILM AND TV SERIES PROJECTS THAT ARE 100%
PRE-FINANCED
    * AS OF MARCH 31, 2021, NET DEBT AMOUNTED TO €44 MILLION, COMPARED TO €153
MILLION
AS OF MARCH 31, 2020
    * FY NET CASH FLOW FROM OPERATIONS €2.9 MILLION, COMPARED WITH €30.9 MILLION
IN
THE PREVIOUS YEAR
    * DECLINE IN REVENUE TO €41.5 MILLION (AGAINST €69.8 MILLION DURING PREVIOUS
FISCAL YEAR) IS MAINLY EXPLAINED BY THE ABSENCE OF NEW FILMS DURING FINANCIAL
RESTRUCTURING AND COVID-19 EPIDEMIC


Further company coverage:  ECP.PA 

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