Brief: Invibes Advertising FY Net Result Turns To Loss At EUR 8.0 Mln

Invibes Advertising NV

28/03/2023 16:52

March 28 (Reuters) - Invibes Advertising Nv  ALINV.PA :
    * 2022 ANNUAL RESULTS
    * 2023 OUTLOOK: DRIVE GROWTH AND TARGET POSITIVE EBITDA
    * GROUP WILL BE UNABLE TO REACH ITS PREVIOUSLY ANNOUNCED
2024
TARGET TURNOVER.
    * WITH EUR 20.4 MILLION IN CASH (WHICH INCLUDES EUR 6.2
MILLION
DECONSOLIDATED FACTOR FINANCING) AND A EUR 13.6 MILLION NET CASH
POSITION AS OF 31 DECEMBER 2022
    * IN AN ADVANTAGED POSITION TO PURSUE GROWTH AND TARGET A
RETURN
TO POSITIVE EBITDA IN 2023.
    * FY NET LOSS EUR 8.0 MILLION VERSUS PROFIT EUR 0.4 MILLION
YEAR
AGO
    * FY EBITDA LOSS EUR 4.5 MILLION

Source text for Eikon:  ID:nEQ9fvkmZa 
Further company coverage:  ALINV.PA 

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