Brief: Mastrad H1 EBITDA Loss Widens To 0.5 Million Euros

Mastrad SA

15/05/2020 18:23

May 15 (Reuters) - Mastrad SA  ALMAS.PA :
    * H1 OPERATING LOSS WIDENS BY 4%, 647 K€ COMPARED TO
DECEMBER 31,
2018 WHICH AMOUNTED TO 618 K€ 
    * H1 NET LOSS GROUP SHARE EUR 0.7 MILLION VERSUS LOSS OF EUR
0.6
MILLION YEAR AGO
    * H1 EBITDA LOSS EUR 0.5 MILLION VERSUS LOSS OF EUR 0.4
MILLION
YEAR AGO
    * ON CORONAVIRUS: CASH FLOW GENERATED ON B TO B SALES AND
THE
ESTABLISHMENT OF A NEW FINANCING LINE GUARANTEED BY THE STATE
ALLOW US TO CONTINUE EFFORTS AND RECOVERY
    * IMPACT OF THE END-OF-YEAR NATIONAL STRIKES IS FELT
STRONGLY
    * TODAY OUR ASIAN SUPPLIERS HAVE RETURNED TO ACTIVITY AT
MORE THAN
80% OF THEIR CAPACITY, AND OUR SUPPLY CHAIN IS BACK TO NORMAL
    * GROUP TURNOVER FOR THE Q4 OF THE YEAR IS EXPECTED TO
INCREASE
SHARPLY DESPITE IMPACT OF COVID-19
    * WILL GRADUALLY RESUME ITS ACTIVITY AT THE END OF
CONTAINMENT

Source text: https://bit.ly/3cCoqd9
Further company coverage:  ALMAS.PA 

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