Brief: SQLI H1 Net Income Down At 0.5 Million Euros

Sqli SA

24/09/2020 17:50

Sept 24 (Reuters) - Sqli SA  SQLI.PA :
    * EXPECTS BUSINESS LEVELS IN SECOND HALF OF YEAR TO MATCH
THOSE OF
FIRST HALF
    * EXPECTS 2020 REVENUE TO BE ABOVE EUR210 MILLION, WITH
CURRENT
OPERATING INCOME OF MORE THAN EUR6 MILLION
    * BEYOND 2020, SQLI REAFFIRMS ITS AMBITION OF ACHIEVING
SUSTAINABLE AND PROFITABLE GROWTH FOR ITS TWO BUSINESS SEGMENTS
    * H1 NET INCOME EUR 0.5 MILLION VERSUS EUR 2.4 MILLION YEAR
AGO
    * DISRUPTION CAUSED BY HEALTH CRISIS HAS LED GROUP TO BEGIN
A
REVIEW OF APPROPRIATE MEASURES TO ACHIEVE ITS MEDIUM-TERM
FINANCIAL GOALS
    * SQLI POSTED A GROSS CASH POSITION OF EUR38.6 MILLION AT 30
JUNE
2020
    * END-H1 NET FINANCIAL DEBT, EXCLUDING LEASE LIABILITIES
(IFRS 16)
 CAME TO EUR 21.3 MILLION

Source text for Eikon:  ID:nACT65216 
Further company coverage:  SQLI.PA 

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