Brief: Eurotech Approves Results Of Consolidated Interim Management Report As At 30 September 2020

Eurotech SpA

13/11/2020 21:47

Nov 13 (Reuters) - Eurotech SpA  E5T.MI :

    * EUROTECH SPA - REVENUES AS AT 30 SEPTEMBER 2020 AT EUR
52.6
MILLION, EBITDA OF EUR 4.9 MILLION (9.3% OF REVENUES) AND NET
PROFIT OF EUR 0.7 MILLION
    * EUROTECH SPA - 9 MONTH CONSOLIDATED GROSS PROFIT AT €27.9
MILLION (53.0% OF REVENUES, -30.4% COMPARED TO 30 SEPT. 2019)
    * EUROTECH SPA - 9 MONTH CONSOLIDATED EBIT AT €1.8 MILLION
(3.4%
OF REVENUES, - €11.4 MILLION COMPARED TO 30 SEPT. 2019)
    * EUROTECH SPA - EBITDA FOR FIRST NINE MONTHS OF 2020 EUR
4.87
MILLION (9.3% OF REVENUES) VERSUS EUR 16.19 MILLION IN 2019
(20.3% OF REVENUES)
    * EUROTECH SPA - PRE-TAX PROFIT FOR FIRST NINE MONTHS UNDER
REVIEW
WAS OF EUR 1.63 MILLION, VERSUS EUR 13.12 MILLION FOR FIRST NINE
MONTHS OF 2019
    * EUROTECH SPA - AS AT 30 SEPT 2020, GROUP HAD CONSOLIDATED
NET
FINANCIAL POSITION WITH NET CASH OF EUR 6.36 MILLION
    * EUROTECH SPA - NET WORKING CAPITAL AS AT 30 SEPTEMBER 2020
CAME
TO EUR 19.59 MILLION, AN INCREASE OF EUR 4.70 MILLION COMPARED
TO 31 DECEMBER 2019

Source text for Eikon:  ID:nBIA4sHt2V 
Further company coverage:  E5T.MI 

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