Brief: UPERGY Suspends Initial Organic Growth Target For FY 2020 Due To COVID-19

Upergy SA

14/04/2020 17:46

April 14 (Reuters) - UPERGY  ALUPG.PA :
    * Q1 BILLINGS EUR 11.4 MILLION VERSUS EUR 11.5 MILLION YEAR
AGO
    * UNCERTAINTIES DIRECTLY RELATED TO THE DURATION OF THE
HEALTH
CRISIS AND THE STRENGTH OF THE RECOVERY MAKE IT IMPOSSIBLE TO
DATE TO MAKE PRECISE PROJECTIONS FOR FY 2020, DE FACTO
SUSPENDING THE INITIAL ORGANIC GROWTH TARGET
    * MEASURES TO MAINTAIN BUSINESS CONTINUITY AT ALL SITES IN
FRANCE
AND EUROPE (SPAIN, ENGLAND), AND PREPARING TO RESUME ITS
ACTIVITY RAPIDLY, WITH A POTENTIAL CATCH-UP PHENOMENON EXPECTED
IN CERTAIN SECTORS
    * HAS UNUSED OVERDRAFT AUTHORIZATIONS FOR MORE THAN EUR 4
MILLION
    * APPLIED TO ITS BANKING PARTNERS FOR A STATE-GUARANTEED
LOAN IN
ORDER TO MAINTAIN ITS FINANCIAL LEEWAY

Source text: https://bit.ly/2K4xoDh
Further company coverage:  ALUPG.PA 

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