Brief: Delta Drone FY EBITDA Loss Widens To 6.1 Million Euros

Tonner Drones SA

31/03/2022 07:35

March 31 (Reuters) - Delta Drone SA  ALDR.PA :
    * A EUR 2 MILLION OPERATING EXPENSE REDUCTION PLAN IS
LAUNCHED
IMMEDIATELY, FINANCED BY A EUR 1 MILLION TRANCHE OF ORNAN 
    * REG-FY 2021: DELTA DRONE CONTINUES ITS DEVELOPMENT WHILE
HAVING
MANY HIGH-VALUE ASSETS STRENGTHENING ITS FINANCIAL SITUATION
    * ON A LIKE-FOR-LIKE BASIS, DELTA DRONE IS EXPECTED TO SEE
SUSTAINED REVENUE GROWTH THIS YEAR
    * CONSOLIDATION OF SHORT-TERM EQUITIES TO FOSTER NEW STOCK
MARKET
MOMENTUM IN K EUR
    * AGREEMENT WITH VOLATUS AEROSPACE IS STILL BEING FINALIZED,
IT
WILL ALLOW GROUP TO CHANGE ITS DIMENSION
    * SALE OF ISRAELI SUBSIDIARY PARAZERO BRINGS A$ 6 MILLION IN
CASH
TO DELTA DRONE INTERNATIONAL WHICH BECOMES AUTONOMOUS TO FINANCE
ITS DEVELOPMENT IN SOUTHERN HEMISPHERE
    * FY TURNOVER IFRS EUR 15.9 MILLION VERSUS EUR 13.4 MILLION
YEAR
AGO
    * FY REVENUE UP 18.2%, STRONG IMPROVEMENT IN NET INCOME
    * FY IFRS EBITDA LOSS OF EUR 6.1 MILLION VERSUS LOSS OF EUR
4.3
MILLION YEAR AGO
    * FY IFRS NET INCOME GROUP SHARE LOSS OF EUR 4.3 MILLION
VERSUS
EUR 9.9 MILLION YEAR AGO
    * BOARD OF DIRECTORS DECIDED TO IMPLEMENT IN APRIL
CONSOLIDATION
OF SHARES COMPOSING ITS SHARE CAPITAL AT RATE OF 10,000 OLD
SHARES AGAINST 1 NEW SHARE
    * TRANSACTION  TO NOT AFFECT OVERALL VALUE OF DELTA DRONE
SHARES
HELD IN PORTFOLIO BY SHAREHOLDERS, WITH EXCEPTION  OF BROKEN
ONES

Source text for Eikon:  ID:nGNE3t4qpC 
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