Brief: Half-Year Results 2019/20 EBITDA Increase Of 87% - Update On The Impact Of Covid-19

Paragon Id SA

30/03/2020 06:04

Paragon Id SA  PID.PA :
    * HALF-YEAR RESULTS 2019/20: EBITDA INCREASE OF 87% - UPDATE
ON
THE IMPACT OF COVID-19
    * PARAGON ID - H1 NET LOSS EUR 0.6 MILLION VERSUS LOSS EUR
1.5
MILLION YEAR AGO
    * PARAGON ID - IN MEDIUM TERM, PARAGON ID'S AMBITIONS REMAIN
UNCHANGED
    * PARAGON ID - IMPACT OF PANDEMIC ON OUR ACTIVITY OVER NEXT
FOUR
MONTHS WILL BE SIGNIFICANT, AND WILL MAKE IT IMPOSSIBLE TO
ACHIEVE FINANCIAL OBJECTIVES FOR FULL YEAR TO 30 JUNE
    * PARAGON ID - RESULTS FOR H1 2019/20 ARE FULLY IN LINE WITH
OUR
AMBITIONS - CEO
    * PARAGON ID - H1 CURRENT OPERATING RESULT EUR 0.0 MILLION
VERSUS
EUR 1.2 MILLION YEAR AGO
    * PARAGON ID - ON COVID-19: BENEFITS FROM A BALANCE SHEET
SITUATION WHICH ENABLES IT TO APPROACH THIS WORRYING CONTEXT
WITH CONFIDENCE

Source text for Eikon:  ID:nACT62723 
Further company coverage:  PID.PA