Brief: Kerlink Expects Annual Revenues To Be Below Initial Target

Kerlink SA

19/01/2023 07:45

Jan 19 (Reuters) - Kerlink SA  ALKLK.PA :
    * ORDER BOOK 2023: €8.6M
    * COLLAPSE OF CRYPTOCURRENCY MARKET IN 2022 HAS UNDERMINED
SOME OF
KERLINK'S CUSTOMERS WHOSE BUSINESS MODEL WAS BASED ON A STABLE
PRICE FOR HELIUM HNT CRYPTOCURRENCY
    * KERLINK CONFIRMS ITS 2025 AMBITIONS TO PASS THE 40 MILLION
IN
REVENUES WITH AN EBITDA TARGET OF 15% OF REVENUES IN 2025
    * CASH POSITION AMOUNTS TO €6 MILLION AT 31 DECEMBER 2022
    * STRENGTHENING OF CONTROL PROCEDURES LED THE GROUP TO
SUSPEND
CERTAIN ORDERS FOR CUSTOMERS WHO NO LONGER OFFERED THE NECESSARY
GUARANTEES IN TERMS OF SOLVENCY
    * IMPLEMENTATION OF PRUDENTIAL MEASURES HAS WEIGHED ON LEVEL
OF
ACTIVITY RECORDED AT END OF 2022, WITH REVENUES NOW EXPECTED TO
BE €18.9 MILLION FOR YEAR, BELOW INITIAL TARGET OF €20 MILLION

Source text for Eikon:  ID:nNDLbqMQVr 
Further company coverage:  ALKLK.PA 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))