Brief: Audiovalley FY Net Result Turns To Profit Of 4.8 Million Euros

Winamp SA

19/05/2020 16:40

May 19 (Reuters) - AUDIOVALLEY SA  ALAVY.PA :
    * FY REVENUE EUR 22.0 MILLION VERSUS EUR 16.9 MILLION YEAR
AGO
    * FY OPERATIONAL LOSS EUR 4.8 MILLION VERSUS LOSS OF EUR 5.1
MILLION YEAR AGO
    * FY NET RESULT EUR 4.8 MILLION VERSUS LOSS OF EUR 5.3
MILLION
YEAR AGO
    * REAFFIRMS CONFIDENCE IN ABILITY TO GET THROUGH CRISIS AND
GET
BACK TO GROWTH FROM THE END OF 2020
    * THANKS TO COST-CUTTING MEASURES, IMPACT OF COVID-19 CRISIS
ON
PROFITABILITY AND CASH CONSUMPTION IS NOW LIMITED
    * END-DEC SHAREHOLDER EQUITY EUR 14.4 MILLION VERSUS EUR
11.1
MILLION YEAR AGO
    * END-DEC DEBT EUR 18.2 MILLION
    * IN ORDER TO SETTLE LAST PAYMENT TO VIVENDI AND TO ENSURE
DEVELOPMENT OF ACTIVITIES, COMPANY MUST RAISE ADDITIONAL
FINANCING OF ABOUT EUR 6.5 MILLION

Source text for Eikon:  ID:nBw57HgVKa 
Further company coverage:  ALAVY.PA 

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