Brief: Media 6 Narrows FY Net Loss To EUR 1.1 Mln

Media 6 SA

31/01/2022 17:29

Jan 31 (Reuters) - Media 6 SA  MED6.PA :
    * AFTER TAKING INTO ACCOUNT THE FINANCIAL RESULT AND
CORPORATE
TAX, THE MEDIA 6 GROUP RECORDED A NET LOSS OF €1.1 MILLION
COMPARED TO A LOSS OF €3.7 MILLION THE PREVIOUS YEAR
    * FY OPERATING LOSS CONTAINED DESPITE THE IMPACT OF THE
HEALTH
CONTEXT
    * DESPITE THE HEALTH CRISIS, CASH FLOW FROM OPERATIONS WAS
€3.0M
    * OVERALL, HOWEVER, THE CASH POSITION WAS REDUCED BY €7.1M,
MAINLY
DUE TO THE REPAYMENT OF BANK LOANS FOR €6.3M AND INVESTMENTS
    * OUTLOOK: THE MEDIA 6 GROUP IS READY TO RESUME A MORE
SUSTAINED
ACTIVITY AS SOON AS THE CONTEXT IMPROVES AND REMAINS VIGILANT IN
CONTROLLING ITS OPERATING COSTS
    * OUTLOOK 2022: THE ORDER BOOK IS GROWING AGAIN, BUT AT THIS
STAGE
PROBABLY CATCH-UP ORDERS AFTER SUCH A LONG PERIOD OF
UNDERINVESTMENT BY OUR CUSTOMERS

Source text for Eikon:  ID:nACT72871 
Further company coverage:  MED6.PA 

 (Gdansk Newsroom)