Brief: Guerbet End-March Revenue Up At 199.2 Million Euros

Guerbet SA

23/04/2020 18:09

April 23 (Reuters) - Guerbet SA  GRBT.PA :
    * REVENUE TOTALED €199.2 MILLION AT MARCH 31, UP 1.0%,
INCLUDING A
FAVORABLE FOREX IMPACT OF €0.7 MILLION
    * ACTIVITY AFFECTED BY COVID-19 CRISIS IN 2ND QUARTER
    * APRIL EXPECTED TO BE DOWN CONSIDERABLY DUE TO THE COVID-19
CRISIS
    * GROUP HAS A SOLID BALANCE SHEET AND SUFFICIENT BANK CREDIT
LINES
TO COVER ITS LIQUIDITY REQUIREMENTS EVEN IN AN ENVIRONMENT WITH
LITTLE VISIBILITY
    * EXPECTS SALES TO RECOVER DURING THE 2ND QUARTER AS THE
LOCKDOWN
IS GRADUALLY LIFTED
    * CUT COSTS SUBSTANTIALLY WHILE KEEPING ALL PRODUCTION SITES
OPERATIONAL WITH SUPPLY OF PRODUCTS, SOME OF WHICH ARE
IDENTIFIED AS MEDICINAL PRODUCTS OF MAJOR THERAPEUTIC INTEREST

Source text for Eikon:  ID:nGNXQg50H 
Further company coverage:  GRBT.PA 

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