Brief: Orapi H1 Sales Up At 140.4 Million Euros

Orapi SA

23/07/2020 18:27

July 23 (Reuters) - ORAPI SA  ORPF.PA :
    * FIRST-HALF 2020 SALES AND IMPACTS ON ORAPI'S FINANCIAL
SITUATION
    * FIRST-HALF SALES OF € 140.4 MILLION VERSUS. € 128.7
MILLION IN
2019 AT CURRENT SCOPE (+ 9.1% AT CURRENT SCOPE AND + 12% AT
CONSTANT SCOPE COMPARED TO THE FIRST HALF OF 2019)
    * RESULTS FOR THE 1ST HALF OF 2020 ARE NOT SUFFICIENT TO
ALLOW THE
ORAPI GROUP TO MEET THE BANK AND BOND MATURITIES
    * IF RESTRUCTURING OPERATIONS ARE NOT CARRIED OUT BY JULY
31, 2020
AT THE LATEST, PROVISIONS OF CONCILIATION PROTOCOL WOULD NOT
TAKE EFFECT, MORATORIUM WOULD END AND DEBTS OF ORAPI GROUP WOULD
BECOME PAYABLE IN AMOUNT OF 53 MILLION EUROS

Source text for Eikon:  ID:nNDL8Z85GW 
Further company coverage:  ORPF.PA 

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