Brief: Lexibook FY Net Loss Narrows To 0.1 Million Euros

Lexibook Linguistic Electronic System SA

30/06/2020 06:18

June 30 (Reuters) - LEXIBOOK LINGUISTIC ELECTRONIC SYSTEM SA
 ALLEX.PA :
    * FY EBITDA EUR 96,000 VERSUS LOSS OF EUR 25,000 YEAR AGO
    * FY NET LOSS EUR 0.1 MILLION VERSUS LOSS EUR 1.1 MILLION
YEAR AGO
    * IMPACT RELATED TO COVID-19 OF AROUND €400K AT THE END OF
FY
    * ENCOURAGING OUTLOOK FOR THE CURRENT FISCAL YEAR
    * SOME OF THE SUSPENDED ORDERS COULD QUICKLY RESUME
    * Q1 WILL SEE GROWTH IN DEMAND FOR THE GROUP'S PRODUCTS
THANKS TO
ITS SUSTAINED POLICY OF INNOVATION AND THE RAPID DEVELOPMENT OF
INTERNET SALES
    * CHINESE PRODUCTION IMPACTED IN FEB/MARCH CAUSING
POSTPONEMENTS
AND CANCELLATIONS OF ORDERS (ABOUT 400K€)
    * CHINESE PRODUCTION FIRST IMPACTED IN FEBRUARY/MARCH
CAUSING
UNEXPECTED LOGISTIC COSTS (AIR AND EXPRESS TRANSPORT FOR ABOUT
100K€)

Source text for Eikon:  ID:nGNE5dXKPR 
Further company coverage:  ALLEX.PA 

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