Brief: Paragon ID FY EBITDA Down At 5.8 Million Euros

Paragon Id SA

26/10/2021 06:11

Oct 26 (Reuters) - PARAGON ID SA  PID.PA :
    * RESULTS FOR 2020/21 HEAVILY IMPACTED BY COVID-19
    * PERSPECTIVES FOR 2021/22: STRONG RETURN TO GROWTH, COUPLED
WITH
TENSIONS IN WORLDWIDE SUPPLY CHAINS
    * PARAGON ID ANTICIPATES ITS RETURN TO SUSTAINABLE GROWTH
DURING
2021/22
    * Q1 REVENUES FOR 2021/22 GROWING AT +34%
    * PARAGON ID'S PAYMENT AND PLATFORM ACTIVITIES WILL
GRADUALLY
BUILD VOLUMES OF HIGHLY PROFITABLE RECURRING REVENUES
    * ITS PROJECTS TO BRING METAL PAYMENT CARDS AND NEW UHF
INTERNET
OF THINGS INLAYS TO MARKET WILL FURTHER DRIVE GROWTH IN TOP LINE
    * FY REVENUE EUR 83.9 MLN VS EUR 108.0 MLN YR AGO
    * FY EBITDA EUR 5.8 MILLION VERSUS EUR 8.4 MILLION YEAR AGO
    * NOW GENERATES 28% OF ITS REVENUES THROUGH ACTIVITY IN
PAYMENT
SPACE
    * GROWTH PROSPECTS IN 2022 UNDER THREAT FROM SHORTAGES OF
RAW
MATERIALS AND ELECTRONIC COMPONENTS
    * FY NET LOSS EUR 5.7 MILLION VERSUS LOSS EUR 5.8 MILLION
YEAR AGO
    * POSITIVE FREE CASH FLOW DESPITE COVID CRISIS
    * ON LIABILITY SIDE OF BALANCE SHEET, FINANCIAL DEBT STOOD
AT
EUR32.6 MILLION AT END OF JUNE 2021, UP SLIGHTLY ON PREVIOUS
YEAR
    * AVAILABLE CASH STOOD AT EUR13.7 MILLION AS AT END OF JUNE
2021
VERSUS EUR21.2 MILLION AS AT END OF JUNE 2020
    * OVERALL, CASH CONSUMPTION TOTALLED -EUR6.5 MILLION IN
2020/21
COMPARED TO +EUR11.6 MILLION FOR 2019/20

Source text for Eikon:  ID:nACT71644 
Further company coverage:  PID.PA 

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