Brief: Itesoft Sees Drop In FY Turnover

Itesoft SA

29/05/2020 17:04

May 29 (Reuters) - Itesoft SA  ITFT.PA :
    * ANTICIPATES DROP IN ITS TURNOVER FOR FINANCIAL YEAR 2020,
BUT
SPECIFIES HOWEVER THAT RECURRING PART OF ITS ACTIVITY REPRESENTS
60% OF ITS TURNOVER
    * CONTINUITY OF ACTIVITY OF RESEARCH AND DEVELOPMENT TEAMS
ALLOWS
CONTINUED DEVELOPMENT OF NEW PRODUCTS WITH HIGH ADDED VALUE FOR
ITS CUSTOMERS
    * OBTAINED AND SET UP STATE GUARANTEED LOAN OF EUR 3 MILLION
    * LOAN IS GUARANTEED UP TO 90% BY BPIFRANCE, AND MAY BE
AMORTIZED
IF NECESSARY OVER PERIOD OF UP TO 5 YEARS

Source text : https://bit.ly/3ewGxS8
Further company coverage:  ITFT.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7785110;))