Brief: Audiovalley Sees Around 40% Decline In Turnover In Q2

Winamp SA

07/04/2020 17:15

April 7 (Reuters) - AUDIOVALLEY SA  ALAVY.PA :
    * BUSINESS GREW IN Q1
    * SEES AROUND 40% DECLINE IN TURNOVER IN Q2 YOY
    * IMPACT OF THE DROP IN BUSINESS ON PROFITABILITY AND CASH
CONSUMPTION IS CURRENTLY LIMITED
    * IMPLEMENTED SHORT-TIME WORK AND OTHER MEASURES IN ALL
REGIONS TO
MITIGATE IMPACT
    * SALES CONTACT ARE CONTINUING WITH A VIEW TO BROADENING THE
GROUP'S MONETISABLE AUDIENCE INTERNATIONALLY
    * CASH AND CASH EQUIVALENTS OF EUR 1.9 MILLION AT DECEMBER
2019

Source text: https://bit.ly/2x2465v
Further company coverage:  ALAVY.PA 

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