Brief: Paragon ID FY 2019/2020 Net Loss Widens To EUR 5.5 Million

Paragon Id SA

27/10/2020 06:17

Oct 27 (Reuters) - Paragon Id SA  PID.PA :
    * ANNUAL RESULTS 2019/20 AND REVENUES OF Q1 2020/21 HEAVILY IMPACTED BY
COVID-19 -
AGILITY, RAPID ADAPTATION OF PRODUCTION CAPACITIES IN THE NEW ECONOMIC
ENVIRONMENT AND REDUCTION OF THE COST STRUCTURE
    * MORE POSITIVELY, 2019/20 FINANCIAL YEAR WAS MARKED BY GROUP'S DEVELOPMENT
IN
PAYMENT WORLD
    * CONSOLIDATED SALES IN 2019/20 FINANCIAL YEAR AMOUNTED TO EUR 108.0
MILLION,
STABLE COMPARED TO PREVIOUS YEAR
    * FY EBITDA AMOUNTED TO EUR8.4 MILLION, A SLIGHT INCREASE OF +2%, IN LARGE
PART
DUE TO ADOPTION OF IFRS 16. EBITDA MARGIN STOOD AT 7.8%
    * RESILIENCE OF EBITDA MARGIN IN 2019/20 AT 7.8% DESPITE IMPACT OF PANDEMIC
IN 2ND
HALF
    * COMPANY IS NOT GIVING GUIDANCE WITH REGARD TO ITS FINANCIAL OBJECTIVES FOR
2020/21 FINANCIAL YEAR
    * PARAGON ID - CONSOLIDATED SALES IN 2019/20 FINANCIAL YEAR SOME EUR20M LESS
THAN
FORESEEN PRIOR TO APPEARANCE OF COVID-19
    * FY NET LOSS EUR 5.5 MILLION VERSUS LOSS OF EUR 1.8 MILLION YEAR AGO
    * Q1 REVENUE EUR 19.3 MILLION VERSUS EUR 26.8 MILLION YEAR AGO
    * H1 EBITDA EUR 5.3 MILLION 
    * H1 NET LOSS EUR 0.6 MILLION 

Further company coverage:  PID.PA 

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