Brief: MND Group H1 Net Loss Narrows to 5.1 Million Euros

Montagne et Neige Developpement SA

15/04/2022 17:24

April 15 (Reuters) - Montagne et Neige Developpement SA
 ALMND.PA :
    * H1 REVENUE EUR 39.7 MILLION VERSUS EUR 28.2 MILLION YEAR
AGO
    * H1 ADJUSTED EBITDA EUR 4.8 MILLION VERSUS EUR 0.2 MILLION
YEAR
AGO
    * H1 NET LOSS EUR 5.1 MILLION VERSUS EUR LOSS OF 8.2 MILLION
YEAR
AGO
    * AS OF DECEMBER 31, 2021, AVAILABLE CASH AMOUNTED TO €5.7
MILLION
    * SKI LIFT CONTRACT SIGNED IN 2021 WITH A RUSSIAN SKI AREA
OPERATOR, WHOSE DELIVERY WAS SCHEDULED FOR THE 2023/2024, IS
TODAY PERMANENTLY CALLED INTO QUESTION
    * RESTATED FOR THIS RUSSIAN CONTRACT, THE ORDER BOOK
AMOUNTED TO
€54.7 MILLION AS OF DECEMBER 31, 2021
    * MAINTAINS OBJECTIVE OF DOUBLING TURNOVER TO MORE THAN €80
MILLION FOR FY 2021/2022
    * CONFIRMS OBJECTIVE OF IMPROVING PROFITABILITY (ADJUSTED
EBITDA)
IN 2021/2022 COMPARED TO PREVIOUS FY

Source text: https://bit.ly/3EgnpWP
Further company coverage:  ALMND.PA 

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