Brief: Paion FY Net Profit At EUR 2.2 Mln

PAION AG

30/03/2021 16:05

March 30 (Reuters) - PAION AG  PA8G.DE :
    * FY REVENUES OF EUR 19.7 MILLION
    * FY NET PROFIT OF EUR 2.2 MILLION
    * CASH AND CASH EQUIVALENTS OF EUR 19.7 MILLION AS OF 31
DECEMBER
2020
    * EXPECTS REVENUES OF ABOUT EUR 8 MILLION TO ABOUT EUR 9.5
MILLION
IN 2021
    * FOCUS OF ACTIVITIES WILL BE ON MARKETING AND DISTRIBUTION
IN
2021 SO THAT GENERAL ADMINISTRATIVE AND SELLING EXPENSES OF
APPROX. EUR 18 MILLION TO APPROX. EUR 20 MILLION ARE EXPECTED
    * RESEARCH AND DEVELOPMENT EXPENSES WILL AMOUNT TO BETWEEN
APPROX.
EUR 4.5 MILLION AND APPROX. EUR 5.5 MILLION IN 2021
    * EARNINGS BEFORE INTEREST AND TAX OF APPROX. EUR -16.5
MILLION TO
APPROX. EUR -21.5 MILLION ARE EXPECTED FOR 2021
    * EXPECTS, BASED ON CURRENT PLANNING, BREAK-EVEN TOWARDS END
OF
2023 OR BEGINNING OF 2024
    * BASED ON CURRENT PLANNING, THERE IS A FINANCING
REQUIREMENT IN
MID DOUBLE-DIGIT MILLION RANGE IN COMING YEARS UNTIL BREAK-EVEN,
WHICH COULD BE RAISED THROUGH DIFFERENT FINANCING MEASURES AND
FURTHER PARTNERSHIPS

Source text for Eikon:  ID:nEQ9pYPD5a 
Further company coverage:  PA8G.DE 

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