Brief: Navya FY Revenue Down 29% At 10.7 Million Euros

Navya SA

31/03/2021 17:57

March 31 (Reuters) - NAVYA SA  NAVYA.PA :
    * FY REVENUE FELL 29 PERCENT TO 10.7 MILLION EUR
    * STRENGTHENED CASH POSITION TO EUR 28M AT END OF DECEMBER
2020
AND EUR 25M AT END OF MARCH 2021
    * GROSS MARGIN IMPROVEMENT IN A DECLINING REVENUE
ENVIRONMENT DUE
TO COVID-19
    * OPERATING RESULT FOR 2020 IS -EUR 20.4 MILLION AND NET
RESULT
FOR 2020 IS -EUR 23.7 MILLION, AN IMPROVEMENT OF EUR 10.8
MILLION AND EUR 8.6 MILLION RESPECTIVELY
    * IS WORKING TO EXTEND ITS NETWORK OF DISTRIBUTION PARTNERS
AND TO
PAVE WAY FOR INDUSTRIALIZATION OF ITS SOLUTIONS IN ORDER TO
ACCELERATE MARKET LAUNCH OF LEVEL 4 AUTONOMOUS DRIVING SYSTEMS
    * FY NET LOSS EUR 23.7 MILLION VERSUS LOSS EUR 32.3 MILLION
YEAR
AGO

Source text for Eikon:  ID:nBw6QK0Hqa 
Further company coverage:  NAVYA.PA 

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