Brief: Lucibel: FY Operating Loss Narrows To 1.7 Million Euros

Lucibel SA

29/04/2020 07:28

April 29 (Reuters) - LUCIBEL SA  ALUCI.PA :
    * FY NET LOSS EUR 12.0 MLN VS LOSS EUR 5.1 MLN YR AGO
    * FY OPERATING LOSS EUR 1.7 MILLION VERSUS LOSS OF EUR 3.7
MILLION
 (PUBLISHED) YEAR AGO
    * FY REVENUE EUR 13.6 MILLION VERSUS EUR 17.6 MILLION
(PUBLISHED)
YEAR AGO
    * AT 31 DECEMBER 2019, CONSOLIDATED SHAREHOLDERS' EQUITY
AMOUNTED
TO € 3.3 MILLION
    * GROSS CASH POSITION AT APRIL 27, 2020 OF EUR 1.4 MILLION
    * OBTAINED THE AGREEMENT OF BANKS TO SET UP A
STATE-GUARANTEED
LOAN OF €1.6 MILLION, AND DISCUSSIONS ARE STILL UNDER WAY WITH
SOME OF THE GROUP'S BANKS
    * ABANDONS THE PREVIOUSLY ANNOUNCED OBJECTIVES OF
DOUBLE-DIGIT
SALES GROWTH AND POSITIVE EBITDA FOR FISCAL YEAR 2020 
    * IS CONFIDENT IN ITS ABILITY TO INCREASE SALES IN 2020
COMPARED
TO THOSE RECORDED IN FISCAL YEAR 2019

Source text for Eikon:  ID:nNDL87pckh 
Further company coverage:  ALUCI.PA 

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