Brief: Lacroix Group H1 Revenue At 238.7 Million Euros

Lacroix SA

12/05/2020 18:07

May 12 (Reuters) - Lacroix Group SA  LACP.PA :
    * REMAINS FULLY MOBILISED AND CONFIDENT IN GETTING RAPIDLY
BACK ON
TRACK WITH ITS PERFORMANCE PATH AND SETTING ITSELF NEW AMBITIONS
    * FIRST SEMESTER 2019-2020 STABILITY OF THE BUSINESS DESPITE
SIGNIFICANT IMPACT FROM THE HEALTH CRISIS FROM MARCH ONWARDS
    * H1 REVENUE EUR 238.7 MILLION VERSUS EUR 239.0 MILLION YEAR
AGO
    * REMAINS DIFFICULT TO ACCURATELY GAUGE IMPACT OF CRISIS ON
RESULTS OF CURRENT FISCAL YEAR
    * WITH MORE THAN EUR 35 M OF USABLE FUNDS (CASH RESERVES AND
EQUIVALENTS, UNDRAWN CREDIT AND OVERDRAFT LINES), GROUP HAS
SUBSTANTIAL MEANS AVAILABLE TO DEAL WITH CURRENT SITUATION
    * OUTLOOK: RECOVERY IS LIKELY TO BE PROGRESSIVE, IN
PARTICULAR ON
AUTOMOTIVE AND AERONAUTICAL MARKETS
    * IN APRIL ACTIVITY REMAINED LARGELY IMPACTED DESPITE
PARTIAL
REOPENING OF ALL INDUSTRIAL SITES THAT WERE CLOSED IN MARCH

Source text for Eikon:  ID:nGNE4rJcCF 
Further company coverage:  LACP.PA 

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