Brief: HighCo Expects Business Decline Of More Than 5% For H2 2020

High SA

16/07/2020 17:47

July 16 (Reuters) - HIGH CO SA  HIGH.PA :
    * HIGHCO: Q2 2020 GROSS PROFIT
    * Q2 2020 GROSS PROFIT (GP) OF EUR 19.63 M, DOWN 21.6% ON A
REPORTED BASIS AND LFL
    * BUSINESS DECLINE IN Q2 LESS STEEP THAN EXPECTED THANKS TO
A
RECOVERY OF 2.7% IN JUNE
    * H2 2020 EXPECTED WITH A DECLINE IN ACTIVITY OF MORE THAN
5%
    * END-JUNE ESTIMATED GROSS CASH, EXCLUDING STATE-GUARANTEED
LOAN
AND NET WORKING CAPITAL, AROUND €10 MILLION VS €7.8 MILLION AT
END-MARCH
    * HAS OBTAINED €30 MILLION STATE-GUARANTEED LOAN (PGE),
WHICH HAS
NOT BEEN USED TO DATE

Source text for Eikon:  ID:nGNE3dT9V5 
Further company coverage:  HIGH.PA 

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