Brief: Madvertise H1 Net Loss Narrows To 1.0 Million Euros

Sirius Media SA

31/10/2019 17:22

Oct 31 (Reuters) - MADVERTISE SA  ALMNG.PA :
    * H1 NET LOSS EUR 1.0 MLN VS LOSS EUR 1.8 MLN YR AGO
    * H1 EBITDA LOSS EUR 0.5 MLN VS LOSS EUR 0.8 MLN YR AGO
    * H1 REVENUE EUR 6.8 MLN VS EUR 7.3 MLN YR AGO
    * CLEAR REBOUND IN ACTIVITY IS EXPECTED FROM H2,
PARTICULARLY IN
GERMANY
    * GROSS CASH AND CASH EQUIVALENTS IS AMOUNTED TO EUR 186.000
AT
JUNE 30, 2019 COMPARED WITH EUR 204.000 AT END OF 2018.
    * RENEWED GROWTH IS EXPECTED IN H2, COMBINED WITH GOOD
MANAGEMENT
OF OPERATING EXPENSES, SHOULD ENABLE MADVERTISE TO CLOSE 2019
FINANCIAL YR WITH IMPROVEMENT COMPARED TO 2018

Source text for Eikon:  ID:nACT60817 
Further company coverage:  ALMNG.PA 

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