Brief: Parrot Posts H1 EBIT Loss Of EUR 21.8 Mln

Parrot SA

28/07/2023 07:05

July 28 (Reuters) - Parrot SA  PARRO.PA :
    * H1 PARROT IS REPORTING TOTAL REVENUE GROWTH OF 3.3% TO EUR
31.6M
    * GROUP HAD EUR 44.8M OF NET CASH AT END-JUNE 2023
    * RATE AT WHICH ORDERS WILL BE PLACED, WHICH IS DIFFICULT TO
FORECAST, IS CURRENTLY LIMITING GROUP'S VISIBILITY OVER ITS
LEVEL OF REVENUES AT END-2023
    * SALES WOULD THEN BE DEFERRED TO 2024
    * TO REDUCE CASH CONSUMPTION OVER SECOND HALF OF 2023 AND
MORE
SIGNIFICANTLY IN 202
    * TO REDUCE CASH CONSUMPTION OVER SECOND HALF OF 2023 AND
MORE
SIGNIFICANTLY IN 2024
    * H1 EBIT LOSS EUR 21.8 MILLION
    * H1 NET LOSS GROUP SHARE EUR 22.5 MILLION

Source text for Eikon:  ID:nGNEb1vPZL 
Further company coverage:  PARRO.PA 

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