Brief: Memscap FY Revenue Down At 12.8 Million Euros

Memscap SA

23/03/2020 06:54

March 23 (Reuters) - MEMSCAP SA  MEMS.PA :
    * FY OPERATING PROFIT AT EUR 0.1 MILLION
    * FY REVENUE EUR 12.8 MILLION VERSUS EUR 13 MILLION YEAR AGO
    * REGARDING COVID-19 PANDEMIC, GROUP'S PRODUCTION SITES
LOCATED IN
NORWAY AND UNITED STATES (NORTH CAROLINA) REMAIN OPERATIONAL
    * ON CORONAVIRUS: GROUP IS CURRENTLY ASSESSING IMPACTS OF
THIS
PANDEMIC
    * FY NET LOSS EUR 0.0 MILLION VERSUS PROFIT EUR 0.3 MILLION
YEAR
AGO
    * OUTLOOK: MEMSCAP PURSUES ITS STRATEGY FOCUSED ON AVIONICS,
MEDICAL AND OPTICAL COMMUNICATIONS SEGMENTS, BACKED BY ITS OWN
INTELLECTUAL PROPERTY, AS WELL AS DEVELOPMENT OF AN INCREASED
FLEXIBILITY OF ITS PRODUCTION CAPACITIES
    * AT DEC 31 2019, AVAILABLE CASH OF EUR 3.4 MILLION VERSUS
EUR 3.7
MILLION AT DEC 31 2018
    * AT DECEMBER 31, 2019, GROUP REPORTED AVAILABLE CASH AT EUR
3.4
MILLION (DECEMBER 31, 2018: EUR 3.7 MILLION) INCLUDING CASH
INVESTMENTS (CORPORATE BONDS)

Source text for Eikon:  ID:nBw6rYvpha 
Further company coverage:  MEMS.PA 

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