Brief: SQLI FY EBIT Up At 9.7 Million Euros

Sqli SA

24/03/2020 16:57

March 24 (Reuters) - SQLI SA  SQLI.PA :
    * FY EBIT EUR 9.7 MILLION VERSUS EUR 8.0 MILLION YEAR AGO
    * 2019 ANNUAL RESULTS // SOLID EARNINGS GROWTH
    * FORECASTS CONSOLIDATED TURNOVER OF OVER EUR 280M BY 2022
AND
RECURRING EBIT IN EXCESS OF EUR 22M BY SAME YEAR
    * REMAINS HIGHLY VIGILANT IN FACE OF DEVELOPMENTS IN HEALTH
CRISIS
AND ITS ECONOMIC CONSEQUENCES
    * PLANS TO PROVIDE AN INITIAL REVIEW OF IMPACT OF COVID-19
EPIDEMIC ON ITS BUSINESS WHEN IT PUBLISHES ITS Q1 2020 TURNOVER
    * FY NET RESULT EUR 4.7 MILLION VERSUS EUR 3.1 MILLION YEAR
AGO
    * CONFIRMS ITS MEDIUM-TERM AMBITIONS BUT IS NOT PROVIDING
ANY
QUANTIFIED GUIDANCE FOR 2020 FINANCIAL YEAR
    * AT 31 DECEMBER 2019, SQLI'S CASH BALANCE STOOD AT EUR 20.1
MILLION
    * END-FY NET DEBT EXCLUDING IFRS 16 LEASE LIABILITIES
TOTALLED EUR
14.5M
    * FORECASTS CONSOLIDATED TURNOVER OF OVER EUR280MLN BY 2022
AND
RECURRING EBIT IN EXCESS OF EUR22M BY SAME YEAR

Source text for Eikon:  ID:nACT62627 
Further company coverage:  SQLI.PA 

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