Brief: Crescent H1 EBITDA Up At 0.2 Million Euros

Option NV

30/09/2021 06:50

Sept 30 (Reuters) - Crescent NV  OPIN.BR :
    * CRESCENT HALF YEAR RESULTS 2021
    * IN H1, DESPITE LOWER TURNOVER, EBITDA RISES FROM EUR 0.1
MILLION
TO EUR 0.24 MILLION INCL. RESTRUCTURING COSTS OF EUR 0.25
MILLION
    * THE GROUP EXPECTS TO FINALIZE THE ACQUISITION OF REMOTICOM
HOLDING BV IN THE NEXT FEW WEEKS
    * IN H1, TURNOVER DOWN DUE TO DIVESTMENT UEST AND
NON-RECURRING
SALES OF SOCIAL DISTANCING TAGS
    * ACQUISITION OF REMOTICOM HOLDING BV IS EXPECTED TO
GENERATE
ADDITIONAL SALES OF EUR 4 MILLION ON AN ANNUAL BASIS, WITH A
POSITIVE EBITDA CONTRIBUTION OF AROUND 10%
    * H1 TURNOVER EUR 7.9 MILLION VERSUS EUR 9.0 MILLION YEAR
AGO
    * H1 EBITDA EUR 236K VERSUS EUR 100K YEAR AGO
    * ALL OTHER ACTIVITIES OF THE GROUP ARE NOW WELL POSITIONED
TO
ACHIEVE PROFITABLE GROWTH
    * THE MANY DIFFICULT AND EXPENSIVE RIGHTSIZING MOVES ARE 
PROBABLY
NOW BEHIND US.
    * CRESCENT NV H1 NET LOSS EUR 1.4 MILLION VERSUS LOSS EUR
1.0
MILLION YEAR AGO

Source text for Eikon:  ID:nNDL4SwxBx 
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