Brief: Paragon ID H1 Revenue Down At 40.7 Million Euros

Paragon Id SA

19/01/2021 06:07

Jan 19 (Reuters) - PARAGON ID SA  PID.PA :
    * FIRST-HALF 2020/21 REVENUES OF EUR 40.7 MILLION, DOWN -28%
    * HAS RIGOROUSLY ADJUSTED ITS COST STRUCTURE SINCE ARRIVAL
OF
COVID-19 IN ITS MARKETS
    * COST STRUCTURE AND INDUSTRIAL CAPACITIES REDUCED IN
CONTEXT OF
PANDEMIC
    * IN CURRENT ECONOMIC ENVIRONMENT, GROUP IS NOT
COMMUNICATING
FINANCIAL TARGETS FOR END OF 2020/2021 FINANCIAL YEAR
    * GIVEN ABSENCE OF ANY CONCRETE SIGNS OF RECOVERY AND LEVELS
OF
STOCKS IN HANDS OF ITS CLIENTS, PARAGON ID ANTICIPATES CONTINUED
DETERIORATION IN ITS REVENUES IN 2(ND) HALF OF 2020/21

Source text for Eikon:  ID:nACT67086 
Further company coverage:  PID.PA 

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