Brief: Paragon ID Posts FY Revenue Of EUR 108.0 Mln

Paragon Id SA

23/07/2020 07:02

July 23 (Reuters) - Paragon Id SA  PID.PA :
    * REVENUES DECLINE -26% IN THE 4TH QUARTER OF 2019/20 DUE TO
THE
IMPACT OF COVID-19
    * ANNUAL TURNOVER: €108.0 M IN 2019/20
    * PANDEMIC HAD A SIGNIFICANT IMPACT ON CUSTOMER DEMAND,
LEADING TO
A DROP IN ORDERS SINCE MID-MARCH
    * PARAGON ID SHOULD BE ABLE TO REPORT A BREAK-EVEN EBITDA
MARGIN
OVER H2
    * PARAGON ID ANTICIPATES A SHARP DETERIORATION IN ACTIVITY
IN Q1
2020/21
    * COMPANY IS NOT PROVIDING GUIDANCE WITH REGARD TO ITS
PERSPECTIVES FOR THE 2020/21 FINANCIAL YEAR

Source text for Eikon:  ID:nACT64406 
Further company coverage:  PID.PA 

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