Brief: PCAS H1 Operating Loss Narrows To EUR 3.2 Mln

Pcas SA

08/09/2020 17:28

Sept 8 (Reuters) - PCAS SA  PCAS.PA :
    * H1 NET LOSS OF EUR 5.8 MILLION VERSUS LOSS EUR 8.7 MILLION
YEAR
AGO
    * H1 EBITDA EUR 7.2 MILLION VERSUS EUR 7.2 MILLION YEAR AGO
    * H1 OPERATING LOSS EUR 3.2 MILLION VERSUS EUR LOSS OF EUR
6.9
MILLION YEAR AGO
    * HAS NOT SEEN ANY SIGNIFICANT IMPACTS ON ITS BUSINESS
ACTIVITIES
AND EARNINGS, EXCEPT FOR DELAY IN COMMISSIONING OF NEW
PRODUCTION UNIT IN VILLENEUVE-LA-GARENNE, NOW PLANNED FOR
OCTOBER 2020
    * DELAYED COMMISSIONING OF THIS PRODUCTION UNIT WILL HAVE
EFFECT
OF CARRYING FORWARD APPROXIMATELY EUR 5 MILLION OF NET SALES TO
2021
    * SOME ACTIVITIES (LUBRICANTS AND FINE CHEMICALS, FOR WHICH
END
MARKETS ARE MAINLY AUTOMOTIVE AND CONSTRUCTION) HAVE RECORDED
SIGNIFICANT DROPS IN DEMAND
    * IT IS STILL HARD TO ANTICIPATE POTENTIAL IMPACTS IN MEDIUM
TERM
    * GROUP HAS SUSPENDED ITS FINANCIAL TARGETS AND ITS
STRATEGIC
BUSINESS OBJECTIVES UNTIL SITUATION BECOMES CLEARER

Source text for Eikon:  ID:nNDL4zM8NZ 
Further company coverage:  PCAS.PA 

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