Brief: GEA H1 Net Income Down At EUR 1.6 Million

Gea Grenobloise Electronique Automatisme SA

26/06/2020 17:08

June 26 (Reuters) - Gea Grenobloise Electronique Automatisme
SA  GEAP.PA :
    * H1 NET INCOME EUR 1.6 MILLION VERSUS EUR 2.4 MILLION YEAR
AGO
    * H1 OPERATING INCOME EUR 1.7 MILLION VERSUS EUR 2.8 MILLION
YEAR
AGO
    * H1 PRODUCTION EUR 17.9 MILLION VERSUS EUR 16.9 MILLION
YEAR AGO
    * FIRM ORDER BOOK, 74% OF WHICH IS EXPORTED, STOOD AT EUR
51.3
MILLION ON 31 MARCH 2020 COMPARED WITH EUR 38 MILLION ON 31
MARCH 2019
    * NET CASH POSITION OF €70.61 MILLION (€72.52 MILLION AT
31/03/2019 AND €67.3 MILLION AT 30/09/19)
    * END OF H1 MARKED BY THE COVID-19 CRISIS
    * PRODUCTION COMPLETELY STOPPED AS OF 17 MARCH, ONLY
PARTIALLY
RESUMED IN MAY
    * ON COVID-19:  TRAFFIC DIFFICULTIES RESULTING FROM BORDER
CLOSURES HAVE AFFECTED AND WILL CONTINUE TO AFFECT THE
DEPLOYMENT OF OUR SYSTEMS AROUND THE WORLD AS WELL AS OUR
BUSINESS OPERATIONS
    * ON COVID-19:   WHILE  COMPANY'S BUSINESS AND CASH FLOW
WERE
RELATIVELY UNAFFECTED IN H1 OF THE YEAR, THEY WILL PROBABLY BE
AFFECTED IN H2

Source text for Eikon:  ID:nACT63996 
Further company coverage:  GEAP.PA 

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