Brief: NEXR Technologies H1 EBITDA Loss At EUR -4.5 Mln

NEXR Technologies SE

30/09/2020 06:35

Sept 30 (Reuters) - NEXR TECHNOLOGIES SE  99SC.DE :
    * H1 EBITDA LOSS -4.5 MILLION EUR VERSUS -4.7 MILLION EUR
LOSS
YEAR AGO
    * H1 NET LOSS -7.0 MILLION EUR VERSUS -6.5 MILLION EUR LOSS
YEAR
AGO
    * H1 AMORTIZATION (EBITDA) INCREASED TO EUR -4.5 MILLION
COMPARED
TO EUR -4.7 MILLION IN PREVIOUS YEAR
    * UNCERTAINTIES CAUSED BY CORONAVIRUS PANDEMIC AND RESULTING
RESTRICTIONS MAKE IT DIFFICULT TO PROVIDE A RELIABLE FORECAST
FOR SECOND HALF OF 2020.
    * H1 REVENUES DECREASED TO EUR 0.2 MILLION IN FIRST HALF OF
2020
AFTER EUR 0.5 MILLION IN PREVIOUS YEAR
    * DOES NOT EXPECT A RECOVERY IN INVESTMENT ACTIVITIES OF
TARGET
CUSTOMERS UNTIL Q4 AT EARLIEST AND THEREFORE ESTIMATES REVENUES
OF AROUND EUR 0.3 MILLION (PREVIOUSLY: EUR 0.5 MILLION)
    * SEES NET LOSS OF AROUND EUR 13.5 MILLION (PREVIOUSLY: EUR
13
MILLION) FOR FISCAL YEAR 2020.

Source text for Eikon:  ID:nEQ8K4cN5a 
Further company coverage:  99SC.DE 

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