Brief: Solocal Sees H1 Recurring EBITDA Of Up To 87 Million Euros

Solocal SE

10/07/2020 18:42

July 10 (Reuters) - SOLOCAL GROUP SA  LOCAL.PA :
    * FIRST SEMESTER 2020: A BUSINESS ACTIVITY IN LINE WITH THE
POST
COVID-19 FORECASTS
    * TOTAL ORDER INTAKE AMOUNT TO €98 MILLION FOR Q2 2020
    * AS AT 30TH JUNE 2020, NET CASH POSITION OF GROUP (BOOKED
AS
ASSETS ON BALANCE SHEET) AMOUNTS TO € 28 MILLION
    * THE GROUP’S RECURRING EBITDA IS EXPECTED TO BE IN A €82
MILLION
TO €87 MILLION RANGE FOR THE FIRST SEMESTER 2020
    * 2020 AMBITIONS CONFIRMED
    * RECURRING EBITDA MARGIN IS EXPECTED BETWEEN 33.5% AND
35.5% OVER
THE FIRST SEMESTER 2020
    * CONSOLIDATED REVENUES FOR Q1 2020 REACH €245 MILLION,
DECREASING
BY -16% COMPARED TO H1 2019 REVENUES
    * TOTAL ORDER INTAKE FOR H1 2020 AT €210 MILLION, I.E. A
-27%
DECREASE COMPARED TO TOTAL ORDER INTAKE FOR H1 2019
    * Q2 REVENUE EUR 118.6 MILLION VERSUS EUR 149.2 MILLION YEAR
AGO

Source text : https://bit.ly/2W6GHsM
Further company coverage:  LOCAL.PA 

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