Brief: Esso S.A.F. Revenue At End-March Drops By 8% To 3.2 Billion Euros

North Atlantic Energies SA

14/05/2020 17:43

May 14 (Reuters) - Esso Societe Anonyme Francaise SA
 ESSF.PA :
    * REVENUE AT END-MARCH EUR 3.2 BILLION, DOWN 8% YEAR-ON-YEAR
    * IN 2020, PLANS TO INVEST 39 MILLION EUROS, INCLUDING 35
MILLION
EUROS IN REFINERIES TO BETTER MEET MARKET NEEDS AND IMPROVE
PERFORMANCE OF UNITS
    * DUE TO  COVID-19, CERTAIN INVESTMENTS PLANNED FOR 2020
WILL BE
POSTPONED LEADING TO REDUCED EXPENSES BY AROUND 20% COMPARED TO
INITIAL PLANS
    * AT END-MARCH GROUP'S NET FINANCIAL POSITION WAS EUR 87
MILLION
NEGATIVE VERSUS NET FINANCIAL POSITION OF EUR 432 MILLION
POSITIVE AS OF DEC 31, 2019
    * HAS DECIDED TO REDUCE ITS OPERATIONAL EXPENSES AND ITS
INVESTMENT PLAN FOR 2020

Source text for Eikon:  ID:nGNE9bHr3c 
Further company coverage:  ESSF.PA 

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