Brief: MND Group H1 Net Loss Group Share Widens To 18.1 Million Euros

Montagne et Neige Developpement SA

22/05/2020 17:18

May 22 (Reuters) - MONTAGNE ET NEIGE DEVELOPPEMENT SA
 ALMND.PA :
    * ANNOUNCES H1 RESULTS
    * H1 REVENUE EUR 29.5 MILLION VERSUS EUR 38.0 MILLION YEAR
AGO
    * H1 NET LOSS GROUP SHARE EUR 18.1 MILLION VERSUS EUR 3.9
MILLION
YEAR AGO
    * DEBT: NET FINANCIAL DEBT (EXCLUDING IFRS 16 RENTAL DEBTS)
STOOD
AT €64.2 MILLION AT THE END OF DECEMBER 2019, COMPARED WITH
€65.9 MILLION AT THE END OF JUNE 2019
    * H1 CURRENT OPERATING LOSS EUR 16.5 MILLION VERSUS LOSS OF
EUR
3.9 MILLION
    * DEBT: AT THE END OF DEC 2019, THIS NET FINANCIAL DEBT
INCLUDED
€12.8 MILLION IN BONDS WHICH ARE INTENDED TO BE CONVERTED IN
MEDIUM TERM AND WHICH WILL THUS STRENGTHEN GROUP'S EQUITY AND
REDUCE ITS DEBT
    * FIRM ORDER BOOK OF EUR 176.5 MILLION AT END OF DECEMBER
2019

Source text for Eikon:  ID:nNDL63njq0 
Further company coverage:  ALMND.PA 

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