Brief: Kerlink H1 Net Loss Group Share Widens to EUR 1.5 Million

Kerlink SA

20/09/2022 17:17

Sept 20 (Reuters) - Kerlink SA  ALKLK.PA :
    * H1 2022 RESULTS
    * H1 REVENUE EUR 10.1 MILLION VERSUS EUR 7.6 MILLION YEAR
AGO
    * H1 EBITDA LOSS EUR 0.8 MILLION VERSUS LOSS EUR 0.4 MILLION
YEAR
AGO
    * H1 NET LOSS GROUP SHARE EUR 1.5 MILLION VERSUS LOSS EUR
1.2
MILLION YEAR AGO
    * ON 30 JUNE 2022, SHAREHOLDERS’ EQUITY STOOD AT €14.5M,
VERSUS
€15.7M AT 31 DECEMBER 2021
    * DECREASE IN THE CASH POSITION AT 30 JUNE 2022 TO €6.4M
VERSUS
€14.5M AT 31 DECEMBER 2021
    * FINANCIAL DEBT AT THE PERIOD END (EXCLUDING DEBT ON LEASE
TRANSACTIONS UNDER IFRS16) WAS €8.4M (OF WHICH €0.7M FACTORED)
VERSUS €9.2M (OF WHICH €3.2M FACTORED) AT 31 DECEMBER 2021
    * DURING H2, SHOULD CONTINUE TO SEE STRONG BUSINESS LEVELS
IN ITS
CORE IOT ACTIVITY ACROSS ALL OF ITS MAIN MARKETS
    * DESPITE THIS SATISFACTORY OUTLOOK IN A BROADLY DIFFICULT
ENVIRONMENT, THE RATE OF GROWTH INITIALLY EXPECTED IS LIKELY TO
BE OFFSET BY THE SLOWDOWN IN THE ROLLOUT OF THE HELIUM NETWORKS
TIED TO THE HNT CRYPTOCURRENCY
    * FULL-YEAR REVENUE IS EXPECTED TO SHOW FURTHER GROWTH AND
SURPASS
€20M

Source text for Eikon:  ID: 
Further company coverage:  ALKLK.PA 

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