Brief: Paragon ID H1 Net Loss Narrows To 2.5 Million Euros

Paragon Id SA

28/03/2022 07:09

March 28 (Reuters) - Paragon Id SA  PID.PA :
    * FIRST-HALF RESULTS FOR SIX MONTHS ENDED 31ST DECEMBER 2021
-
CONFIRMATION OF STRONG DOUBLE-DIGIT GROWTH FOR FULL YEAR
    * EBITDA IN H1 2021/22 WAS EUR 3.9M, INCREASING BY 12% YOY
    * EXCEPTIONAL, H1 ONE-OFF COSTS DECLINED FROM EUR 1.7M TO
EUR 700K
    * H1 CHARGE OF EUR 700K ARISES FROM A TECHNICAL
INTERPRETATION OF
CERTAIN CLAUSES ATTACHING TO A RECENT ACQUISITION
    * FINANCIAL CHARGES, COMPRISING INTEREST ON BORROWINGS AND
COSTS
OF FACTORING WERE EUR 1M IN H1
    * H1 NET LOSS EUR 2.5 MILLION VERSUS LOSS EUR 2.7 MILLION
YEAR AGO
    * AT THIS TIME, IT IS TOO EARLY TO ASSESS POTENTIAL
DISRUPTION AND
COST IMPACTS PURSUANT TO RUSSIA'S ACTIONS IN UKRAINE
    * UKRAINE: NO IMPACT IS RECORDED IN FINANCIAL REPORTING AS
AT
31(ST) DECEMBER 2021
    * EXPECTS TO COMPLETE FY 2021/22 IN HIGH DOUBLE-DIGIT GROWTH
COMPARED TO PRIOR YEAR

Source text for Eikon:  ID:nACT73705 
Further company coverage:  PID.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7785110;))