Brief: Witbe H1 Net Loss Shrinks To Of EUR 0.2 Million

Witbe SA

22/09/2021 17:29

Sept 22 (Reuters) - Witbe SA  ALWIT.PA :
    * H1 NET RESULT LOSS OF EUR 0.2 MILLION  VERSUS LOSS OF 1.7 MILLION YEAR AGO
    * H1 EBITDA EUR 0.9 MILLION VERSUS NEGATIVE EBITDA OF EUR 0.6 MILLION YEAR
AGO
    * WITBOX INDUSTRIAL PRODUCTION LINE, NOW IN PLACE, WILL ALLOW US TO AIM TO
DUPLICATE IN EUROPE IN H2 THE COMMERCIAL SUCCESS WE HAVE HAD IN THE UNITED
STATES
    * THE RESEARCH AND DEVELOPMENT TEAMS ARE WORKING ON EXTENDING THE WITBOX
RANGE,
WHICH WILL LEAD TO THE LAUNCH OF NEW  ROBOTS IN 2022.
    * THE ORION OPERATION IS CONTINUING AT ALL LEVELS OF THE COMPANY WITH NEW
OPTIMIZATION PROJECTS UNDERWAY IN  H2
    * WITBE'S OBJECTIVE IS TO ACCELERATE ITS INTERNATIONAL DEVELOPMENT, WHICH
WILL BE
REFLECTED IN TWO ACTIONS THAT WILL BE EFFECTIVE DURING THE 4TH QUARTER
    * SEES IN Q4 STRENGTHENING OF THE STAFF IN SINGAPORE, WITH FRENCH TEAMS, TO
ACCELERATE THE DEVELOPMENT IN ASIA
    * HEAD OFFICE IS TO BE LOCATED ON THE WEST COAST OF THE UNITED STATES (SAN
JOSE
OFFICE) IN ORDER TO INCREASE THE COMPANY'S SALES PRESENCE IN THE REGION AND TO
EXPAND ITS REPUTATION

Source text for Eikon:  ID:nACT71097 
Further company coverage:  ALWIT.PA 

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