Brief: Risk Intelligence - Revenue In Q2 2020 Decreased By 34%

Risk Intelligence A/S

07/07/2020 07:41

July 7 (Reuters) - Risk Intelligence A/S  RISK.TE :
    * REACHES ACCEPTABLE H1 AFTER CHALLENGING Q2 AND COMMUNICATES CAUTIOUS OPTIMISTIC OUTLOOK
FOR H2
    * HAS REACHED 93% IN REVENUE IN H1 2020 (DKK 5.494.770) COMPARED TO H1 2019 (5,903,502 DKK).
    * IN H1 JANUARY AND JUNE WAS ABOVE 2019, BUT FEBRUARY TO MAY WAS VERY MUCH IMPACTED BY
GLOBAL
COVID-19 SITUATION WITH NEW SALES ALMOST COMING TO A HALT IN APRIL AND MAY
    * REVENUE IN Q2 2020 DECREASED BY 34% (1.786.612 DKK) COMPARED TO Q2 2019 (2,703,652 DKK)
    * COMPANY IS STILL EXPECTING A POSITIVE EBITDA FOR FULL YEAR OF 2020
    * STILL EXPECTS SIGNIFICANT GROWTH IN MARITIME BUSINESS DURING 2020
    * REACHED AN ACCEPTABLE REVENUE LEVEL WITH ONLY A 7% DECREASE COMPARED TO SAME PERIOD IN
2019
    * IMPACT OF COVID-19 ON RISK INTELLIGENCE'S OWN OPERATIONS IS INSIGNIFICANT
    * RECURRING REVENUE FROM EXISTING LICENSE AGREEMENTS AND FRAMEWORK AGREEMENTS FOR 2020 AS
WELL AS
SALES IN Q1 KNOWN REVENUE FOR 2020 AS OF 6 JULY 2020 IS ABOUT 15M DKK
    * OUR TARGET TO DOUBLE MARITIME BUSINESS FROM 2017 TO 2020 IS UNFORTUNATELY POSTPONED BY
EFFECTS
FROM COVID-19
    * WITH A MORE BALANCED REVENUE TO COST AND INVESTMENT RATIO DURING 2020 FEWER CAPITAL
RESERVES ARE
NEEDED IN 2020 THAN IN 2019

Source text for Eikon:  ID:nWkrc1ZW2c 
Further company coverage:  RISK.TE 

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