Brief: Valoe Q2 EBITDA Loss Stable At EUR 0.3 Mln

Valoe Oyj

26/08/2020 14:53

Aug 26 (Reuters) - Valoe Oyj  VALOE.HE :
    * REG-VALOE HALF-YEAR REPORT 1 JANUARY - 30 JUNE 2020
    * Q2 NET SALES EUR 0.4 MILLION VERSUS EUR 0.08 MILLION YEAR
AGO
    * Q2 EBITDA LOSS EUR 0.3 MILLION VERSUS LOSS EUR 0.3 MILLION
YEAR
AGO
    * ESTIMATES THAT VALOE GROUP'S NET SALES FOR 2020 WILL BE
APPROXIMATELY EUR 2.1 MILLION (IN 2019: EUR 0.3 MILLION)
    * ESTIMATES OPERATIVE CASH FLOW TO TURN POSITIVE ON MONTHLY
BASIS
DURING Q1 2021, PROVIDED COVID-19 PANDEMIC DOES NOT FURTHER
DELAY START OF MASS PRODUCTION OF SOLAR CELLS AT LITHUANIAN
PLANT AND START OF FULL-SCALE DELIVERIES
    * TRAVEL RESTRICTIONS AND DIFFICULTIES IN DELIVERY RELATED
TO
COVID-19 CONTINUE TO HINDER START OF PRODUCTION OF SOLAR CELLS
AND START OF DELIVERIES TO CUSTOMERS
    * ACCORDING TO CURRENT ESTIMATES, DELIVERIES WILL COMMENCE
IN
OCTOBER-NOVEMBER 2020

Source text for Eikon:  ID:nGNE6ks4n6 
Further company coverage:  VALOE.HE 

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