Brief: MND Group H1 Adjusted EBITDA Loss Swings To Profit Of 0.2 Million Euros

Montagne et Neige Developpement SA

17/05/2021 06:42

May 17 (Reuters) - MONTAGNE ET NEIGE DEVELOPPEMENT SA
 ALMND.PA :
    * ANNOUNCED ON FRIDAY H1 REVENUE EUR 28.2 MLN VS EUR 29.5
MLN YR
AGO
    * H1 ADJUSTED EBITDA PROFIT OF EUR 0.2 MLN VS LOSS OF EUR
13.8 MLN
YR AGO
    * H1 NET LOSS EUR 8.2 MLN VS LOSS OF EUR 19.2 MLN YR AGO
    * END-DEC NET FINANCIAL DEBT (EXCLUDING IFRS 16 RENTAL DEBT)
EUR
91.3 MLN VS EUR 74.9 MLN AT THE END OF JUNE 2020, INCLUDING EUR
7.3M OF AVAILABLE CASH
    * CONSIDERS THAT IT WILL BE ABLE TO SECURE FUNDING FOR
ACTIVITIES
OVER NEXT 12 MONTHS
    * ENVISAGE ANNUAL TURNOVER FOR 2020/2021 AT SAME LEVEL AS
THAT OF
PREVIOUS FINANCIAL YEAR (TURNOVER OF 40.3 MEUR IN 2019/2020)
    * CONFIRMS TARGET OF OPERATING BREAKEVEN (ADJUSTED EBITDA)
FOR FY
2020/2021

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nACT69255
    
 Further company coverage:  ALMND.PA  
   


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