Brief: Parrot FY EBIT Loss Narrows To 3.7 Million

Parrot SA

17/03/2022 17:37

March 17 (Reuters) - Parrot SA  PARRO.PA :
    * 2021 FULL-YEAR EARNINGS
    * GROWTH TRAJECTORY TO CONTINUE IN 2022
    * PARROT IS LOOKING AHEAD TO 2022 WITH CONFIDENCE IN ITS
STRATEGY
AND VIGILANCE CONCERNING CHANGES IN INTERNATIONAL ENVIRONMENT
    * GROUP HAD EUR 82.0M OF NET CASH AT END-DECEMBER 2021
EXCLUDING
IMPACT OF IFRS 16, AND EUR 72.6M INCLUDING IFRS 16
    * LOOKING BEYOND DISRUPTION LINKED TO ECONOMIC AND
GEOPOLITICAL
ENVIRONMENT, WHICH IS DIFFICULT TO PREDICT, GROUP PLANS TO MOVE
FORWARD WITH ITS REVENUE GROWTH TRAJECTORY
    * FY EBIT LOSS OF EUR 3.7 MILLION VERSUS LOSS OF EUR 35.6
MILLION
YEAR AGO
    * CONTINUE TO CLOSELY MONITOR ALLOCATION OF ITS CASH, AND
WILL BE
READY TO RESPOND AND ADAPT TO POTENTIAL CHANGES IN CONDITIONS
    * END FY CASH FLOW FROM FINANCING ACTIVITIES CAME TO -EUR
4.1M,
INCLUDING EUR 3.4M FOR REPAYMENT OF LEASE LIABILITIES WITH
APPLICATION OF IFRS 16.
    * FY NET LOSS (GROUP SHARE) EUR 1.9 MILLION VERSUS LOSS OF
EUR
38.4 MILLION YEAR AGO
    * FY REVENUE EUR 54.3 MILLION VERSUS EUR 57.3 MILLION YEAR
AGO

Source text for Eikon:  urn:newsml:reuters.com:*:nGNE1rtLCr
Further company coverage:  PARRO.PA 

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