Brief: Mare Nostrum Q1 Revenue Down At 31.5 Million Euros
05/05/2020 17:00
May 5 (Reuters) -
* Q1 REVENUE EUR 31.5 MILLION VERSUS EUR 36.6 MILLION YEAR
AGO
* TO DATE, NOT ABLE TO DETERMINE COVID-19 IMPACT ON GROUP
ACTIVITY, FINANCIAL PERFORMANCE AND MEDIUM-TERM PROSPECTS
* COVID-19: AFTER STRONG SLOWDOWN IN MARCH, SEES GRADUAL
RESUMPTION OF ACTIVITIES IN CONSTRUCTION INDUSTRY SINCE
MID-APRIL
* HAS OBTAINED PRE-AGREEMENTS FROM BANKS FOR EUR 7 MILLION
STATE-GUARANTEED LOAN TO STRENGTHEN CASH POSITION
* DIVERSIFICATION OF GROUP OFFER CONFIRMED: EXPECTS
EVOLUTION OF
BUSINESS MIX TO HELP IMPROVE GROSS MARGIN
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