Brief: Wallix Group H1 Operating Loss Widens To 5.1 Million Euros

Wallix SA

15/10/2020 17:17

Oct 15 (Reuters) - Wallix Group SA  ALLIX.PA :
    * H1 10% ORGANIC REVENUE GROWTH, 168 NEW CLIENTS;
    * H1 TURNOVER EUR 8.1 MILLION
    * H1 NET LOSS EUR 5.1 MILLION
    * H1 OPERATING LOSS EUR 5.1 MILLION VERSUS LOSS EUR 3.7
MILLION
YEAR AGO
    * AT JUNE 30, 2020, GROSS CASH AND CASH EQUIVALENTS AMOUNTED
TO
EUR 27.3 MILLION VERSUS EUR 29.3 MILLION AT DECEMBER 31, 2019
    * RAMP-UP IN GROWTH IN SECOND HALF OF 2020 AND PROFITABILITY
IN
SIGHT WITHIN 18 MONTHS
    * NOW AIMS TO TURN A PROFIT BY SECOND HALF OF 2021, ONE YEAR
LATER
THAN INITIALLY FORECAST DUE TO HEALTH CRISIS
    * GROUP EXPECTS GROWTH INVESTMENTS TO SLOW SIGNIFICANTLY

Source text for Eikon:  ID:nACT65597 
Further company coverage:  ALLIX.PA 

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