Brief: Orege H1 Revenue Up At 0.8 Million Euros

Orege SA

11/10/2021 06:10

Oct 11 (Reuters) - Orege SA  OREGE.PA :
    * H1 REVENUE EUR 0.8 MILLION VERSUS EUR 0.5 MILLION YEAR AGO
    * H1 NET LOSS EUR 2.8 MILLION VERSUS LOSS EUR 4.1 MILLION
YEAR AGO
    * H1 OPERATING LOSS EUR 2.7 MILLION VERSUS LOSS EUR 3.4
MILLION
YEAR AGO
    * OREGE'S CONSOLIDATED TURNOVER FOR 2021 SHOULD BE AROUND
2,500
KEUR (COMPARED TO 2 000 KEUR FOR 2020)
    * COMMERCIAL ACTIVITY SHOULD ALSO BE ABLE TO RESUME IN 2022
IN
ITALY, GERMANY, SPAIN AND JAPAN AFTER A COMPLETE FREEZE OF
ACTIVITIES SINCE MARCH 2020
    * PARTNERSHIP WITH ALFA LAVAL IS NOW BEING DISCUSSED AGAIN
WITH
MANAGEMENT OF THIS GROUP IN LIGHT OF COLLABORATION SINCE SUMMER
OF 2020 WHICH HAS BEEN HANDICAPPED BY CONSTRAINTS LINKED TO
PANDEMIC
    * MANY PROJECTS ARE CURRENTLY UNDER DISCUSSION WITH WATER
UTILITIES IN UK OR MUNICIPALITIES IN US
    * NOTABLE ACCELERATION OF REQUESTS FOR PROJECT QUALIFICATION
AND
BID NEGOTIATIONS IN US AND UK IS A POSITIVE SIGN OF DYNAMISM
EXPECTED IN 2022
    * OREGE HAS DECIDED TO ACCELERATE THIS RESUMPTION OF
ACTIVITY BY
STRENGTHENING ITS SALES TEAMS IN UNITED KINGDOM AND US

Source text for Eikon:  ID:nGNE8gfcgd 
Further company coverage:  OREGE.PA 

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