Brief: Tecnoquark Presents New Investment Plan

Technomeca Aerospace SA

18/11/2019 07:08

Nov 18 (Reuters) - Tecnoquark Trust SA  TQT.MC :
    * PRESENTED ON FRIDAY NEW INVESTMENT PLAN
    * TO PROPOSE NAME CHANGE TO TECHNOMECA AEROSPACE SA
    * TO FOCUS ON TURNKEY PROJECTS, R&D FOR DEFENCE SECTOR,
DESIGN AND
PRODUCTION FOR OIL AND GAS SECTOR
    * CRESCENT HILL CAPITAL CORPORATION, WHICH CONTROLS
TECNOQUARK, TO
PROPOSE A CAPITAL INCREASE OF AT LEAST 3 MILLION EUROS TO
PROVIDE WORKING CAPITAL TO IMPLEMENT THE CHANGES IN TECNOQUARK
    * SEES FY 2019 TURNOVER AT 2.7 MILLION EUROS, EBITDA IN
NEGATIVE
TERRITORY OF 75,000 EUROS
    * SEES FY 2020 TURNOVER 3.5 MILLION EUROS, EBITDA OF 0.8
MILLION
EUROS
    * SEES FY 2021 TURNOVER AT 5.0 MILLION EUROS, EBITDA AT 1.2
MILLION EUROS

    
 Source text: https://bit.ly/33VGp9T
    
 Further company coverage:  TQT.MC  
   


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