Brief: Spineway H1 Net Loss Narrows To 617,000 Euros

Spineway SA

13/09/2021 17:16

Sept 13 (Reuters) - SPINEWAY SA  ALSPW.PA :
    * IMPROVEMENTS OF 2021 HALF-YEAR RESULTS
    * H1 OPERATING LOSS EUR 0.5 MILLION VERSUS LOSS EUR 1.4
MILLION
YEAR AGO
    * H1 NET LOSS EUR 617,000 VERSUS LOSS EUR 12.0 MILLION YEAR
AGO
    * AS OF 30, JUNE 2021, GROUP'S CASH POSITION AMOUNTED TO EUR
14
310K AND HAD A NET CASH POSITION OF EUR 11 563K
    * ACQUISITION OF DISTIMP SHOULD ENABLE THE GROUP TO
STRENGTHEN AND
IMPROVE ITS BUSINESS POSITIONS AND SALES
    * SYNERGIES AND COMPLEMENTARY PRODUCTS RANGES WILL ENABLE
THE
GROUP TO BENEFIT FROM NEW GROWTH POSSIBILITIES AND PROVIDE
SURGEONS WITH NEW HIGH ADDED VALUE OPERATING TECHNIQUES
    * WILL TAKE ADVANTAGE OF THE MARKET RECOVERY IF CONFIRMED
    * AS OF 30, JUNE 2021, THE GROUP’S CASH POSITION AMOUNTED TO
€14
310K AND HAD A NET CASH POSITION OF €11 563K

Source text for Eikon:  ID:nNDL76Hk8Q 
Further company coverage:  ALSPW.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))