Brief: Antevenio FY EBIT Turns To Loss Of 1.4 Million Euros

ISPD Network SA

16/04/2020 07:08

April 16 (Reuters) - Antevenio SA  ALANT.PA :
    * FY CONSOLIDATED NET LOSS EUR 1.6 MILLION VERSUS PROFIT OF
EUR
2.2 MILLION YEAR AGO
    * 2019 FULL-YEAR EARNINGS
    * COVID-19: SINCE MID-MARCH, CAMPAIGNS HAVE BEEN CANCELLED
OR
POSTPONED, PARTICULARLY IN TRAVEL, CONSUMER FINANCE, AUTOMOBILE
AND LEISURE SECTORS
    * FY EBIT LOSS EUR 1.4 MILLION VERSUS PROFIT EUR 2.9 MILLION
YEAR
AGO
    * TO OFFSET EXPECTED DECLINE IN REVENUES, COST-SAVING PLAN
HAS
BEEN LAUNCHED TO MINIMISE COSTS AND ELIMINATE NON-ESSENTIAL
EXPENSES
    * ANTEVENIO RECORDED A 14% CONTRACTION IN 2019 REVENUES TO
EUR
25.9M
    * FY OPERATING INCOME SHOWED A LOSS OF €1.36 MILLION,
COMPARED
WITH PROFIT OF €2.87 MILLION A YEAR EARLIER
    * GROUP'S FINANCIAL STRUCTURE AT 31 DEC 2019 REMAINS HEALTHY
WITH
€2.8M OF CASH, NET OF FINANCIAL DEBT
    * PLANS TO INTENSIFY SYNERGIES WITH ISP DIGITAL CONTINUE AND
ARE
CURRENTLY BEING REASSESSED IN VIEW OF PROFOUND CHANGES TAKING
PLACE IN THE GLOBAL ECONOMY AS A RESULT OF THE CRISIS

Source text for Eikon:  ID:nNDLb5ZnKn 
Further company coverage:  ALANT.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))