Brief: Roche Bobois H1 Net Loss At 1.1 Million Euros

Roche Bobois SA

25/09/2020 07:23

Sept 25 (Reuters) - ROCHE BOBOIS SA  RBO.PA :
    * H1 POSITIVE CURRENT OPERATING RESULT DESPITE IMPACT OF
COVID-19
ON THE ACTIVITY
    * STRONG SALES REBOUND CONFIRMED DURING SUMMER
    * GROUP MAINTAINED GROSS MARGIN AT HIGH LEVEL, FROM 58.6% IN
H1
2019 TO 58.9% DUE TO SUSTAINED PRICE LEVELS AND GROSS MARGIN
GROWTH IN UNITED STATES/CANADA REGION
    * H1 CURRENT EBITDA AMOUNTED TO EUR 15.5 MILLION, DOWN EUR
5.6
MILLION FROM EUR 21.1 MILLION IN H1 2019
    * AFTER A NET FINANCIAL EXPENSE OF €1.3 MILLION AND A €0.3
MILLION
TAX CHARGE, THE GROUP POSTED A H1 NET LOSS OF €1.1 MILLION
    * H1 GROUP FREE CASH FLOW AMOUNTED TO €15.7 MILLION
(COMPARED TO
€20.8 MILLION A YEAR EARLIER)
    * AT JUNE 30, 2020, GROUP HAD A EUR 103 MILLION ORDER
BACKLOG (UP
EUR 12.1 MILLION COMPARED TO SAME TIME LAST YEAR)
    * H1 2020 OPERATING CASH FLOW REMAINED HIGH AT EUR 15.6
MILLION
(COMPARED TO EUR 22.1 MILLION IN H1 2019)
    * GROUP IS PURSUING ITS 2020 DEVELOPMENT PROGRAMME BY ADDING
SEVEN
NEW OWNED STORES TO ITS NETWORK
    * GROUP SECURED A EUR 25 MILLION STATE-GUARANTEED PGE LOAN
DURING
FIRST HALF AND USED AN OVERDRAFT FACILITY IN AMOUNT OF EUR 8
MILLION
    * CASH AND CASH EQUIVALENTS OF EUR 65.3 MILLION AT JUNE 30,
2020,
COMPARED TO EUR 31.1 MILLION AT DECEMBER 31, 2019
    * CASH OF EUR 40.3M (EXCLUDING EUR 25M PGE LOAN) AT 30 JUNE
    * OVER FY, ANNUAL SALES WILL BE DOWN IN VIEW OF DELIVERY
TIMEFRAMES,DECLINE WILL BE LIMITED BY STRONG CATCH-UP OBSERVED
IN RETAIL SALES IN VARIOUS GEOGRAPHIC REGIONS

Source text for Eikon:  ID:nNDL345cqL 
Further company coverage:  RBO.PA 

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