Brief: Safe Orthopaedics Q1 Revenue Stable At 1.1 Million Euros

Safe SA

08/04/2020 17:39

April 8 (Reuters) - SAFE ORTHOPAEDICS SA  ALSAF.PA :
    * SINCE JULY 2019, COMPANY ENTERED INTO A FINANCING
AGREEMENT OF
12.45 MEUR, WHICH REMAINS ON SCHEDULE
    * ALL BANKING PARTNERS OF SAFE ORTHOPAEDICS DELAY
REIMBURSEMENT OF
LOAN MATURITIES AND LEASING MATURITIES UNTIL END OF SEPTEMBER
2020
    * AT THE END OF THE FIRST QUARTER OF 2020, THE CASH POSITION
AMOUNTED TO 0.54 M€
    * Q1 REVENUE EUR 1.1 MLN VS EUR 1.1 MLN YR AGO
    * FROM MARCH 2020, SLOWDOWN OF SALES AND FINANCIAL MEASURES
TAKEN
TO HANDLE SANITARY CRISIS
    * ON CORONAVIRUS: COMPANY IS PREPARED TO GO THROUGH A PERIOD
OF
STRONG DECREASE IN SALES FOR Q2 OF 2020
    * FURTHERMORE, SAFE ORTHOPAEDICS SHOULD SOON CASH RESEARCH
TAX
CREDIT FOR AN AMOUNT OF 250 KEUR

Source text for Eikon:  ID:nBw7X3SJta 
Further company coverage:  ALSAF.PA 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))