Brief: Memscap H1 Operating Resut Turns To Loss Of EUR 0.1 Mln

Memscap SA

29/07/2020 06:59

July 29 (Reuters) - Memscap SA  MEMS.PA :
    * H1 OPERATING LOSS -100,000 EUR VERSUS 100,000 EUR PROFIT
YEAR
AGO
    * H1 REVENUE 6.1 MILLION EUR
    * HALF-YEAR EBITDA AT 0.5 MILLION EUROS AND Q2 EBITDA AT 0.2
MILLION EUROS DESPITE AN UNPRECEDENTED MACROECONOMIC ENVIRONMENT
    * IMPACT OF COVID-19 PANDEMIC ON GROUP'S AVIONICS BUSINESS
FULLY
OFFSET BY SIGNIFICANT GROWTH OF MEDICAL BUSINESS
    * INCREASE OF AVAILABLE LIQUIDITIES UP TO 4.2 MILLION EUROS
AT 30
JUNE 2020
    * OPTICAL COMMUNICATIONS BUSINESS IMPACTED BY COVID-19
PANDEMIC
AND RELATED CLOSURE OF US PRODUCTION SITE FOR MORE THAN TWO
WEEKS
    * POTENTIAL IMPACT OF PANDEMIC REMAINS VERY UNCERTAIN BASED
ON
CURRENT AVAILABLE INFORMATION
    * PRODUCTION AT GROUP'S NORWEGIAN SITE (STANDARD PRODUCTS
DIVISION) HAS FACED NO SIGNIFICANT IMPACT RESULTING FROM
COVID-19 PANDEMIC AT JUNE 30, 2020
    * PURSUES ITS STRATEGY FOCUSED ON AVIONICS, MEDICAL AND
OPTICAL
COMMUNICATIONS SEGMENTS AS WELL AS INCREASING FLEXIBILITY OF ITS
PRODUCTION CAPABILITIES
    * POTENTIAL IMPACT OF PANDEMIC REMAINS VERY UNCERTAIN BASED
ON
CURRENT AVAILABLE INFORMATION

Source text for Eikon:  ID:nBw2ygGLCa 
Further company coverage:  MEMS.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7785110;))