Brief: Leclanche FY Net Loss Widens To CHF 83.4 Million

Leclanche SA

18/05/2020 05:59

May 18 (Reuters) - LECLANCHE SA  LECN.S :
    * UNAUDITED CONSOLIDATED INCOME FOR FINANCIAL YEAR 2019 WERE
CHF
16.3 MILLION, DOWN FROM CHF 48.7 MILLION IN 2018
    * UNAUDITED EBITDA LOSS FOR YEAR WAS CHF (58.9) MILLION
COMPARED
TO CHF (39.1) MILLION IN 2018
    * UNAUDITED NET LOSS FOR YEAR WAS CHF (83.4) MILLION
COMPARED TO
CHF (50.7) MILLION IN 2018
    * COMBINED ORDER BOOK, EXCLUDING ST. KITTS PROJECT, NOW
EXCEEDS
CHF 90 MILLION, FOR DELIVERY OVER YEARS 2020 TO 2021
    * NO PROJECTS HAVE BEEN LOST AND REVENUE NOT RECOGNIZED IN
2019
WILL BE RECOGNIZED IN 2020
    * DECISION TO BUILD PROJECTS SUCH AS ST. KITTS UNDER A BOO
MODEL,
AIMS AT PROVIDING LONG-TERM PROFITABILITY IMPROVEMENTS FROM 2022
ONWARDS

Source text for Eikon:  ID:nEQ1dmwbpa 
Further company coverage:  LECN.S 

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