Brief: Lacroix Group H1 EBITDA Up AT 12.3 Million Euros

Lacroix SA

30/06/2020 17:19

June 30 (Reuters) - LACROIX GROUP SA  LACP.PA :
    * REG-LACROIX GROUP: FIRST SEMESTER 2019-2020. ACTIVITY
REMAINS
STABLE AND EBITDA RESILIENT, DESPITE THE IMPACT OF THE HEALTH
CRISIS.
    * EBITDA REMAINS GOOD AT EUR 12.3 M COMPARED TO EUR 12.1 M
IN
FIRST HALF-YEAR 2018-2019, REPRESENTING 5.2% OF TURNOVER
    * GROUP SHARE OF NET INCOME STANDS AT EUR 2.9 M, AGAINST EUR
5.2 M
FOR FIRST HALF-YEAR 2019
    * IN RESPECT OF FIRST HALF-YEAR 2019-2020, LACROIX GROUP
RECORDED
TURNOVER OF EUR 238.7 M
    * RETURN TO NORMALISED SITUATION IS NOT EXPECTED BEFORE END
OF
2020
    * SINCE GRADUAL REOPENING OF ALL INDUSTRIAL SITES, GROUP HAS
OBSERVED ENCOURAGING SIGNS OF RESUMPTION OF ACTIVITIES
    * GROUP ANTICIPATES DROP OF AROUND 10% IN REVENUE FOR WHOLE
FY,
WITH RECURRING OPERATING MARGIN OF OVER 2%
    * GROUP WILL PROPOSE, AT EXTRAORDINARY GENERAL MEETING ON 28
AUGUST, A CHANGE OF CLOSURE DATE OF ITS FY, BRINGING IT FROM 30
SEPT TO 31 DEC
    * IF PROPOSAL WERE TO BE APPROVED, CURRENT FY WOULD HAVE
EXCEPTIONAL DURATION OF 15 MONTHS, FROM 1 OCT 2019 TO 31 DEC
2020
    * MODIFICATION WOULD PROVIDE GROUP WITH ADDITIONAL
THREE-MONTH
POST-COVID HOLD-OFF PERIOD TO REFINE RECOVERY PROSPECTS
    * CLOSURE DATE MODIFICATION WOULD ALSO PROVIDE PERIOD TO
CONSOLIDATE PREPARATION OF NEW 2020-2025 STRATEGIC PLAN, WHICH
WOULD THEN BE PRESENTED IN APRIL 2021
    * END-MARCH CASH AT EUR 30 MILLION, UNUSED MEDIUM-TERM
CREDIT
LINES OF EUR 4.5 MILLION

Source text for Eikon:  ID:nGNE6cRX4Q 
Further company coverage:  LACP.PA 

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