Brief: Solocal H1 Consolidated EBITDA Rises To EUR 87.6 Million

Solocal SE

28/07/2020 17:31

July 28 (Reuters) - Solocal Group SA  LOCAL.PA :
    * 2020 OUTLOOK CONFIRMED AND NEW FINANCIAL STRUCTURE
    * H1 2020 RESULTS
    * ACTIVITY IN THE FIRST SEMESTER 2020, IMPACTED BY THE
HEALTH
CRISIS
    * CONFIRMATION OF 2020 TRAJECTORY
    * TOTAL ORDER INTAKE AMOUNTED TO €98 MILLION IN Q2 2020
    * H1 TOTAL REVENUES EUR 244.7 MILLION VERSUS EUR 291.6
MILLION
YEAR AGO
    * H1 CONSOLIDATED EBITDA EUR 87.6 MILLION VERSUS EUR 79.6
MILLION
YEAR AGO
    * H1 CONSOLIDATED NET INCOME EUR 27.9 MILLION VERSUS EUR
15.9
MILLION YEAR AGO
    * AS AT 30TH JUNE 2020, NET CASH POSITION OF €28.1 MILLION
    * HEALTH CRISIS WILL HAVE AN IMPACT ON THE VOLUME OF NEW
CONTRACT
ACQUISITION IN 2020 AND ON THE TIMING OF ITS CUSTOMER BASE
MIGRATION TOWARDS NEW SERVICES
    * ANTICIPATES A RETURN TO DIGITAL REVENUE GROWTH FROM 2021
    * 2021 EBITDA WILL BE AFFECTED BY THE DECREASE IN 2020 ORDER
INTAKE AND THE END OF THE PRINT ACTIVITY AND SHOULD AMOUNT TO C.
€ 120 MILLION IN 2021

Source text: https://bit.ly/3hHV9Qk
Further company coverage:  LOCAL.PA 

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