Brief: SSH Q1 Operating Loss Narrows To EUR 0.6 Million

SSH Communications Security Oyj

23/04/2020 07:10

April 23 (Reuters) - SSH Communications Security Oyj
 SSH1V.HE :
    * REG-SSH COMMUNICATIONS SECURITY CORPORATION INTERIM REPORT
JANUARY 1 – MARCH 31, 2020
    * Q1 NET SALES EUR 3.1 MILLION VERSUS EUR 2.7 MILLION YEAR
AGO
    * Q1 OPERATING LOSS EUR 0.6 MILLION VERSUS LOSS EUR 1.3
MILLION
YEAR AGO
    * FINANCIAL PERFORMANCE WAS NOT SIGNIFICANTLY AFFECTED BY
COVID-19
OUTBREAK DURING Q1
    * WE WILL ISSUE NEW GUIDANCE ONLY WHEN WE HAVE BETTER
VISIBILITY
    * WE ARE ALSO ACTIVELY PURSUING ALL AVAILABLE SUPPORT
FUNDING
OPTIONS
    * WE HAVE HAD ONGOING NEGOTIATIONS CONCERNING RESTRUCTURING
OF
INSTRUMENT, BUT THESE NEGOTIATIONS WERE PUT ON HOLD UNTIL
COVID-19 RELATED TURMOIL ON CAPITAL MARKETS SUBSIDES
    * INCREASED INTEREST RATE DOES NOT HAVE AN IMMEDIATE IMPACT
ON
CASH FLOW IN 2020, AS INTEREST IS PAID IN ARREARS EVERY MARCH
    * WE ARE INTRODUCING EBITDA (OPERATING PROFIT/LOSS +
DEPRECIATION
AND AMORTIZATION) AS A KEY NON-IFRS ALTERNATIVE PERFORMANCE
MEASURE IN OUR FINANCIAL REPORTS

Source text for Eikon:  ID:nGNEbRn4NH 
Further company coverage:  SSH1V.HE 

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