Brief: Sidetrade Says Confident In Ability To Have Positive Operating Result For FY 2020

SideTrade SA

25/03/2020 16:54

March 25 (Reuters) - SIDETRADE SA  ALBFR.PA :
    * CONTINUITY OF OPERATIONAL ACTIVITY ENSURED BY A 100% CLOUD
ORGANIZATION
    * STRENGTH OF SAAS MODEL IS EXPECTED TO GENERATE GROWTH IN
REVENUE
OVER 2020
    * IN THE FACE OF THIS UNPRECEDENTED CRISIS, ROBUSTNESS OF
SIDETRADE'S 100% SAAS MODEL SHOULD GENERATE GROWING REVENUES IN
2020.
    * ALL BUDGETED RECRUITMENTS ARE FROZEN UNTIL JUNE 2020
    * ALL NON-PRIORITY EXPENDITURE HAS BEEN REVISED DOWNWARDS
UNTIL 30
JUNE 2020
    * OPENING IN THE UNITED STATES IS POSTPONED UNTIL 1
SEPTEMBER 2020
    * MEASURE TAKEN WILL RESULT IN  OVER 3 MILLION EUROS OF
SAVINGS
COMPARED TO INITIAL SPENDING BUDGET FOR 2020
    * MANAGEMENT IS CONFIDENT IN ITS ABILITY TO HAVE A POSITIVE
OPERATING RESULT FOR FINANCIAL YEAR 2020
    * AS OF MARCH 23, CASH POSITION OF 5.3 MILLION EUROS AND
EQUIVALENT OF 5.9 MILLION EUROS IN TREASURY SHARES
    * SIDETRADE HAS VIRTUALLY NO DEBT AND COULD BENEFIT - IF
NECESSARY
- FROM GOVERNMENT MEASURES TO FACILITATE ACCESS TO BANK DEBT

Source text for Eikon:  ID:nGNE3jt2Q0 
Further company coverage:  ALBFR.PA 

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