Brief: Kerlink FY EBITDA Loss Widens To 5.0 Million Euros

Kerlink SA

28/04/2020 18:14

April 28 (Reuters) - KERLINK SA  ALKLK.PA :
    * REVENUE FOR THE 2019 FINANCIAL YEAR DECREASED BY 24%
COMPARED
WITH 2018, AT €13.0M
    * FY EBITDA LOSS OF EUR 5.0 MILLION VERSUS LOSS OF EUR 3.4
MILLION
YEAR AGO
    * FY NET LOSS GROUP SHARE EUR 9.9 MILLION VERSUS LOSS OF EUR
5.8
MILLION Y AGO
    * AT DECEMBER 31, 2019, THE GROUP HAD A CASH POSITION OF
€6.3M
    * OBSERVED A SLOWDOWN IN SALES TRENDS FROM MID-MARCH
    * REVENUE FOR Q1 CAME OUT AT €2.6M VERSUS €2.9M IN Q1 2019
    * AT START OF 2020, THE GROUP TOOK OUT NEW LOANS WITH BPI
FRANCE
AND ITS BANKING PARTNERS TO THE TUNE OF €2.75M

Source text: https://bit.ly/3aRDh1K
Further company coverage:  ALKLK.PA 

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