Brief: Roctool FY Operating Losses (EBITDA) Narrowed To EUR 1.77 Mln

Roctool SA

11/03/2021 17:48

March 11 (Reuters) - ROCTOOL SA  ALROC.PA :
    * ROCTOOL: ANNUAL RESULTS 2020
    * 2020 FISCAL YEAR REVENUES AMOUNTED TO EUR 6.5M , OF WHICH
EUR
3.9M IN S2 (I.E. AN INCREASE OF 54% VERSUS. S1 2020 AND 7%
VERSUS. S2 2019)
    * FOR REMAINING OF 1ST SEMESTER 2021, CHALLENGE IS TO BE
ABLE TO
CONVERT ONGOING SALE OPPORTUNITIES WITHOUT THEM BEING TOO SLOWED
DOWN IN THEIR REALIZATION BY UNPREDICTABILITY OF CONTEXT AND
INTERNATIONAL RESTRICTIONS 
    * IT IS CURRENTLY DIFFICULT TO ASSESS THE IMPACT OF THIS
CRISIS ON
THE NEXT FINANCIAL YEAR, AND IN PARTICULAR CONCERNING
POSSIBILITY OF TRAVELING TO COUNTRIES THAT ARE STRATEGIC TO OUR
BUSINESS TO EXPLORE AND INSTALL THE TECHNOLOGY
    * AS OF DECEMBER 31, 2020, GROUP HAD EUR 3.5M IN
SHAREHOLDERS'
EQUITY, FINANCIAL DEBT OF EUR 3.1M AND AVAILABLE CASH OF EUR
1.3M 
    * FY OPERATING LOSSES (EBITDA) DECREASED TO EUR 1.77M
(VERSUS. EUR
2.23M IN 2019)
    * WITH A LOSS OF EUR 0.4M IN FINANCIAL INCOME (MAINLY LINKED
TO
PROVISIONS FOR EXCHANGE LOSSES ON INTRAGROUP DEBTS), AND AN
INSIGNIFICANT EXCEPTIONAL RESULT, FY NET INCOME CAME TO EUR
-2.6M

Source text for Eikon:  ID:nEQ7lXhR4a 
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