Brief: Floridienne : H1 EBITDA Stables At 16.5 Millions Euros

Floridienne SA

30/09/2020 17:54

Sept 30 (Reuters) - FLORIDIENNE SA  FLOB.BR :
    * RESILIENCE OF OUR ACTIVITIES IN FACE OF CRISIS LINKED TO
COVID-19
    * TURNOVER AS AT 30 JUNE 2020 AMOUNTED TO EUR 174.1 MILLION,
DOWN
6.5% COMPARED WITH FIGURE OF EUR 186.3 MILLION RECORDED AS AT 30
JUNE 2019
    * EBITDA STOOD AT EUR 16.5 MILLION AS AT 30 JUNE 2020,
REMAINING
STABLE COMPARED WITH 30 JUNE 2019
    * H1 CONSOLIDATED NET RESULT AMOUNTS TO EUR 4.0 MILLION
    * GROUP HAD SUBSTANTIAL LIQUID ASSETS OF EUR 31.4 MILLION AS
AT 30
JUNE 2020
    * GROUP'S NET FINANCIAL DEBT AS AT 30 JUNE 2020 AMOUNTED TO
EUR
86.0 MILLION, COMPARED WITH EUR 96.8 MILLION AS AT 31 DECEMBER
2019
    * OUTLOOK FOR SECOND HALF OF 2020 IS GENERALLY POSITIVE,
WITH AN
ANTICIPATED IMPROVEMENT OF SITUATION IN GOURMET FOOD DIVISION
AND CONTINUED GROWTH IN LIFE SCIENCES DIVISION
    * PLANNED DISPOSAL OF ALL IKA SECURITIES DURING SECOND HALF
OF
YEAR WILL ENABLE GROUP TO STRENGTHEN ITS CASH FLOW
    * EXPECTS STABLE RESULTS FOR 2020 FINANCIAL YEAR AS A WHOLE

Source text for Eikon:  ID:nNDLbM5mzG 
Further company coverage:  FLOB.BR 

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