Brief: Soditech FY Operating Income Down At 1,007 Euros

Soditech SA

23/04/2020 18:08

April 23 (Reuters) - Soditech SA  SDTC.PA :
    * FY OPERATING INCOME EUR 1,007 VERSUS EUR 0.3 MILLION YEAR
AGO
    * FINANCIAL DEBT RATIO INCREASED, FROM 7.71% IN 2018 TO 20%
IN
2019 DUE TO INVESTMENTS (ACQUISITION OF SATAC)
    * FY PROFIT EUR 93,828 VERSUS EUR 0.5 MILLION YEAR AGO
    * 8% REDUCTION IN CHARGES DID NOT COMPENSATE FOR THE DROP IN
TURNOVER (20%) TO MAINTAIN OPERATING INCOME UP TO 2018
    * COVID-19: IN THE FIRST FOUR MONTHS OF 2020, THIS CRISIS
HAD THE
EFFECT OF REDUCING OUR TURNOVER BY AROUND 30%
    * SHAREHOLDERS' EQUITY REPRESENTS 44% OF THE TOTAL BALANCE
SHEET,
COMPARED WITH 34% AT 31 DECEMBER 2018
    * HAS OBTAINED FROM CIC A STATE-GUARANTEED LOAN OF
€1,000,000 AND
A SIX-MONTH DEFERMENT OF LOAN REPAYMENTS
    * COVID-19: FUTURE PROSPECTS WILL DEPEND ON FRENCH AND
EUROPEAN
STIMULUS MEASURES FOR DEFENSE AND RESEARCH MARKETS

Source text for Eikon:  ID:nACT63113 
Further company coverage:  SDTC.PA 

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