Brief: Valoe Q3 Operating Loss At EUR 0.7 Million

Valoe Oyj

06/11/2019 14:28

Nov 6 (Reuters) - Valoe Oyj  VALOE.HE :
    * Q3 NET SALES EUR 86,000 VERSUS EUR 0.5 MILLION YEAR AGO
    * Q3 OPERATING LOSS EUR 0.7 MILLION VERSUS LOSS EUR 0.7
MILLION
YEAR AGO
    * Q3 EBITDA LOSS EUR 0.4 MILLION VERSUS LOSS EUR 0.4 MILLION
YEAR
AGO
    * HAS SUFFICIENT WORKING CAPITAL FOR ITS BUSINESS OPERATIONS
ACCORDING TO CO'S STRATEGY FOR NEXT 12 MONTHS
    * CANNOT MATERIALIZE ITS ENTIRE INVESTMENT PLAN AND ITS
FINANCIAL
POSITION AS WELL AS WORKING CAPITAL SITUATION CONTINUE TO BE
VERY TIGHT
    * ESTIMATES ITS CASH FLOW TO TURN POSITIVE DURING FIRST
HALF-YEAR
OF 2020
    * WORKING CAPITAL SITUATION CONTINUE TO BE VERY TIGHT UNTIL
CO IS
ABLE TO COLLECT TARGETED NEW CAPITAL IN TOTAL ABOUT EUR 7
MILLION OUT OF WHICH EUR 3.45 MILLION WAS COLLECTED IN SHARE
OFFERING

Source text for Eikon:  ID:nGNEb1xvbm 
Further company coverage:  VALOE.HE 

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