Brief: Lectra Q1 Income From Operations Down At 5.1 Million Euros

Lectra SA

29/04/2020 17:45

April 29 (Reuters) - Lectra SA  LECS.PA :
    * REG-LECTRA: Q1 2020: REVENUES AND EARNINGS IMPACTED BY THE
COVID-19 VIRUS
    * IN THIS UNIQUE AND UNPRECEDENTED ENVIRONMENT, GROUP'S
REVENUES
(63.5 MLN EUROS) DECREASED BY 6% COMPARED TO Q1 2019
    * Q1 INCOME FROM OPERATIONS EUR 5.1 MLN VS EUR 7.9 MLN YR
AGO
    * END-Q1 FREE CASH FLOW: 3.7 MLN EUROS
    * GREATEST IMPACT, HOWEVER, COULD BE EXPECTED IN Q2, WHICH
COULD
SEE A SHARP DECLINE IN REVENUES AND IN INCOME FROM OPERATIONS
    * ON COVID-19: REVENUES FROM RECURRING CONTRACTS (25 MLN
EUROS)
CONSTITUTE A PROTECTIVE FACTOR AND WILL HELP MITIGATE IMPACT OF
COVID-19 CRISIS ON REVENUES AND RESULTS, INCREASED BY 5%
    * ON COVID-19: DIFFICULT TO PREDICT IMPACT OVER REST OF YEAR

Source text for Eikon:  ID:nGNE9Ztcsr 
Further company coverage:  LECS.PA 

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