Brief: Europacorp HY Operating Margin Down At EUR 3.7 Mln

EuropaCorp SA

14/12/2023 17:13

Dec 14 (Reuters) - Europacorp SA  ALECP.PA :
    * HALF-YEAR RESULTS 2023/2024
    * ACHIEVED AN OPERATING MARGIN OF €3.7 MILLION (OR 28% OF
REVENUES), DOWN DUE TO THE  HIGHER COST OF SALES GENERATED BY
LINE-UP FILMS COMPARED WITH CATALOG FILMS
    * H1 CASH FLOW FROM OPERATING ACTIVITIES AMOUNTED TO +€8.2
MILLION, THE SAME AMOUNT AS THE FIRST HALF  OF THE PREVIOUS
FINANCIAL YEAR
    * H1 REVENUES OF €13.4 MILLION, INCREASING BY 2% COMPARED
WITH THE
FIRST HALF OF THE PREVIOUS YEAR
    * THANKS TO A FURTHER REDUCTION IN OVERHEAD EXPENSES (-€1.6
MILLION OR -24%) AND NON-RECURRING INCOME OF €2.3 MILLION,
OPERATING INCOME WAS POSITIVE AT €1.1 MILLION
    * H1 CASH FLOW FROM OPERATING ACTIVITIES AMOUNTED TO +€8.2
MILLION
    * €5.2 MILLION INCREASE IN NET DEBT
    * INTENDS TO SHORTLY PUT SEVERAL SIGNIFICANT PROJECTS
ALREADY
DEVELOPED INTO PRODUCTION, AS  SOON AS THE ASSOCIATED FINANCING
IS SECURED

Source text: shorturl.at/bcKS0
Further company coverage:  ALECP.PA 

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