Brief: Navya Updates Its 2018 Revenue Target

Navya SA

07/12/2018 06:05

Dec 7 (Reuters) - NAVYA SAS  NAVYA.PA :
    * NAVYA UPDATES ITS 2018 REVENUE TARGET
    * SEVERAL FLEET PROJECTS POSTPONED UNTIL 2019
    * EXPECTS THAT SEVERAL SHUTTLE FLEET PROJECTS CURRENTLY IN
THE
NEGOTIATION PHASE WILL ONLY BE COMPLETED IN 2019
    * AT THE END OF NOVEMBER 2018, NAVYA HAD CASH AND CASH
EQUIVALENTS
OF EUR 24 MILLION
    * FOR 2018 NAVYA'S REVENUE IS EXPECTED TO RANGE BETWEEN EUR
17
MILLION AND EUR 19 MILLION, A 65% TO 85% INCREASE COMPARED TO
2017 LEVEL
    * ANNOUNCED REVENUE TARGET OF EUR 30 MILLION FOR 2018 WILL
NOT BE
MET
    * INTENDS TO PURSUE ITS INVESTMENT IN RESEARCH AND
DEVELOPMENT AND
IN ITS MARKETING AND SALES OPERATIONS

Source text for Eikon:  ID:nBw6L6CPDa 
Further company coverage:  NAVYA.PA 

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