Brief: Delta Drone FY Financial Result Deficit Of 583K Euros In 2020

Tonner Drones SA

31/03/2021 17:45

March 31 (Reuters) - DELTA DRONE SA  ALDR.PA :
    * FY FINANCIAL RESULT DEFICIT OF EUR 583K IN 2020 VERSUS
PROFIT OF
EUR 513K IN 2019 (CLARIFIES THE MOVE)
    * FY 2020: IN ACCORDANCE WITH STRATEGIC PLAN,EBITDA IS CLOSE
TO
BREAK-EVEN IN SECOND HALF OF YEAR
    * AT END OF 2020, GROUP'S FINANCIAL STRUCTURE IS SOLID, WITH
12.6
MILLION EUROS OF EQUITY, NET CASH OF 4.7 MILLION EUROS AND
LIMITED FINANCIAL INDEBTEDNESS OF 1.7 MILLION EUROS
    * AS OF MARCH 19, 2021, NET CASH AMOUNTED TO 3.1 MILLION
EUROS
    * BACKLOG (SIGNED CONTRACTS) IS CLOSE TO 25 MILLION EUROS
    * EXCLUDING NON-RECURRING EXPENSES, EBITDA WAS CLOSE TO
BREAK-EVEN
IN H2 OF YEAR (NEGATIVE OF 0.65 MILLION EUROS
    * THREE MAJOR AXES DESCRIBED IN 2020-2021 PLAN REMAIN
ACHIEVABLE,
OBVIOUSLY MORE RANDOM
    * CONTINUES TO FOCUS ON ACHIEVING A PROFITABILITY SITUATION,
FIGURES FOR FY2020, AND EVEN MORE SO IN H22020, ARE ENCOURAGING
IN THIS REGARD AND PUT US ON RIGHT TRACK

Source text: [https://bit.ly/3rDgkrn]
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