Brief: Wallix FY Operating Loss Widens To 6.8 Million Euros

Wallix SA

26/03/2020 17:00

March 26 (Reuters) - 
    * FY TURNOVER OF EUR 16.3 MILLION, AN INCREASE OF +29%
COMPARED TO
FISCAL YEAR 2018
    * FY OPERATING LOSS OF EUR 6.8 MILLION, COMPARED WITH LOSS
OF EUR
3.3 MILLION IN 2018
    * FY NET LOSS OF EUR 6.8 MILLION VERSUS LOSS OF EUR 3.3
MILLION
YEAR AGO
    * END-DECEMBER CASH POSITION NET OF DEBT OF EUR 25.7 MILLION
    * SEES CONTINUATION OF SUSTAINED GROWTH IN MEDIUM TERM, IN
LINE
WITH TRAJECTORY OUTLINED IN ITS STRATEGIC PLAN
    * IN THE SHORT TERM, DISRUPTIONS SEEM INEVITABLE GIVEN THE
EPIDEMIC CONTEXT
    * TO DATE, WALLIX DOES NOT FACE ANY CANCELLATION OF ORDERS
BUT
ANTICIPATES POSTPONEMENTS OF DEPLOYMENTS
    * INTERNATIONALLY, THE GROUP INTENDS TO DEPLOY ITS PRESENCE
IN 80%
OF THE TARGETED MARKETS, COMPARED TO 60% IN 2019
    * IS CONFIDENT THAT ITS RIGOROUS MANAGEMENT WILL ALLOW IT TO
GET
THROUGH THE CURRENT PERIOD WITH SERENITY

Source text for Eikon:  ID:nACT62692 
Further company coverage:  ALLIX.PA 

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