Brief: Kerlink FY EBITDA Loss Narrows To EUR 0.2 Million

Kerlink SA

31/03/2022 17:40

March 31 (Reuters) - Kerlink SA  ALKLK.PA :
    * 2021 FULL-YEAR RESULTS
    * THE GROUP'S 2021 REVENUE REACHED €19.9 MILLION, UP 78%
COMPARED
TO THE 2020 FINANCIAL YEAR (€11.2M)
    * IN 2022, THE GROUP WILL REMAIN VIGILANT CONSIDERING THE
FAST-CHANGING ENVIRONMENT AROUND SUPPLIES OF ELECTRONIC
COMPONENTS, WHICH CONTINUES TO BE CHALLENGING
    * FY EBITDA LOSS EUR 0.2 MILLION VERSUS LOSS EUR 3.2 MILLION
YEAR
AGO
    * KERLINK NEVERTHELESS CONFIRMS THAT AT THE START OF THIS
YEAR IT
EMBARKED ON A NEW CYCLE OF GROWTH MADE POSSIBLE BY THE QUALITY
OF ORDERS TO BE INVOICED IN THE CURRENT YEAR
    * FY NET LOSS EUR 1.8 MILLION VERSUS LOSS EUR 5.7 MILLION
YEAR AGO
    * GROUP SHAREHOLDERS’ EQUITY STOOD AT €15.7M AT THE END OF
DECEMBER 2021 VERSUS €6.6M ON 31 DECEMBER 2020
    * AT THE END OF THE FINANCIAL YEAR, FINANCIAL DEBT TOTALLED
€9.2M
(EXCLUDING RENTAL DEBT IN ACCORDANCE WITH IFRS16)
    * END FY THE GROUP REPORTED A SOLID CASH POSITION OF €14.5M
COMPARED WITH €6.5M ON 31 DECEMBER 2020
    * GROUP DECIDED TO POSTPONE THE ANNOUNCEMENT OF ITS
STRATEGIC PLAN
AND ASSOCIATED FINANCIAL OBJECTIVES TO A LATER DATE
    * KERLINK GROUP IS NOT DIRECTLY COMMERCIALLY IMPACTED BY THE
OUTBREAK OF THE WAR IN UKRAINE
    * KERLINK CONTINUES TO OPERATE BASED ON A POSITIVE OUTLOOK
THANKS
TO ITS WIDE VARIETY OF PROJECTS AND SOLID ORDER BOOK

Source text: https://bit.ly/3iPb69W
Further company coverage:  ALKLK.PA 

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