Brief: Lucibel Expects Govt's Measures To Help Preserve Cash Position

Lucibel SA

10/04/2020 07:22

April 10 (Reuters) - LUCIBEL SA  ALUCI.PA :
    * CUMULATED END-FEB REVENUE AT 2.9 MILLION EUROS
    * SHORT-TIME UNEMPLOYMENT VALIDATED FOR TOTAL OF MORE THAN
31,000
HOURS UNTIL JUNE 30
    * MEASURES RESULTED IN SAVINGS OF 130,000 EUROS OVER SALARY
MASS
IN MARCH
    * MEASURES SHOULD RESULT IN SAVINGS OF 280,000 EUROS OVER
SALARY
MASS IN APRIL IF SITUATION STAYS UNCHANGED UNTIL END-APRIL
    * ON CORONAVIRUS: CO DECIDED TO SUSPEND A LARGE PART OF ITS
ACTIVITIES FROM MARCH 17
    * IT IS DIFFICULT TO QUANTIFY THE IMPACT OF THE PANDEMIC ON
2020
TURNOVER AND PROFITABILITY
    * SITUATION WILL HAVE SIGNIFICANT IMPACT ON H1 2020 LEVEL OF
ACTIVITY AND COMPROMISES ANNOUNCED OBJECTIVES FOR FY 2020
    * WISHES TO BENEFIT FROM THE STATE GUARANTEED BANK CASH LINE
ARRANGEMENT UP TO 90%
    * OBTAINED 6-MONTH DEFERRAL ON REPAYMENTS OF BANK DEBTS AND
ADVANCES FROM THE NORMANDY REGION
    * OBTAINED POSTPONEMENT OF DEADLINES FOR ITS MARCH AND APRIL
2020
URSSAF AND RETIREMENT CONTRIBUTIONS
    * OBTAINED EARLY REPAYMENT OF RESEARCH TAX CREDIT 2019
(CRÉDIT
IMPÔT RECHERCHE 2019)

Source text for Eikon:  ID:nACT62924 
Further company coverage:  ALUCI.PA 

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