Brief: Lalique H1 Revenue At EUR 49.1 Mln

Lalique SA

09/09/2020 06:48

Sept 9 (Reuters) - LALIQUE GROUP SA  LLQ.S :
    * HALF YEAR NET LOSS -10.6 MILLION EUR VERSUS -2.8 MILLION
EUR
LOSS YEAR AGO
    * H1 REVENUE 49.1 MILLION EUR
    * H1 GROUP RECORDED A NON-CASH IMPAIRMENT CHARGE OF EUR 4.3
MILLION BEFORE TAXES ON BRAND VALUE OF LALIQUE, LEADING TO A
REDUCTION IN EBIT TO EUR -10.0 MILLION.
    * EXPECTS THAT FOR FULL YEAR 2020, REDUCTION IN SALES WILL
BE LESS
PRONOUNCED THAN IN FIRST HALF OF YEAR, PROVIDED SEVERITY OF
PANDEMIC DOES NOT INCREASE AGAIN
    * EXPECTS GROWTH IN SALES TO BE IN LOW DOUBLE-DIGIT
PERCENTAGE
RANGE FOR 2021 COMPARED TO 2020

Source text for Eikon:  ID:nEQ6yxFWBa 
Further company coverage:  LLQ.S 

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