Brief: Kerlink H1 Revenue Down 26% Year-On-Year, Says Business Activity Picking Up Since June

Kerlink SA

24/07/2020 09:46

July 24 (Reuters) - KERLINK SA  ALKLK.PA :
    * REPORTED ON THURSDAY H1 REVENUE EUR 4.8 MLN VS EUR 6.5 MLN
YEAR
AGO
    * COVID-19 OUTBREAK TAKES A TOLL ON BUSINESS ACTIVITY IN H1
    * SLUMP STEMMED FROM POSTPONEMENTS OF ORDERS THAT WERE DUE
FOR
DELIVERY IN Q2
    * BUSINESS  ACTIVITY  HAS  BEEN  PICKING  UP  SINCE  JUNE, 
WITH 
PROJECTS  THAT  WERE  TEMPORARILY  PUT  ON  HOLD STARTING UP
AGAIN AND KERLINK WINNING NEW CLIENTS
    * IN SPITE OF CONTEXT, GROUP DID NOT LOSE ANY CLIENT DURING
PERIOD
    * GROUP'S FIRM HAND ON FINANCES WILL HELP IT THROUGH THIS
PERIOD,
WITH A STRONGER CASH POSITION AT END-JUNE 2020 THAN AT
END-DECEMBER 2019
    * CASH DOES NOT INCLUDE THE FRENCH STATE GUARANTEED LOAN
(PGE),
THE APPLICATION FOR WHICH IS CURRENTLY BEING PROCESSED

  
    
 Further company coverage:  ALKLK.PA  
   


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