Brief: Exel Industries H1 Net Result Turns To Loss Of 36.4 Million Euros

Exel Industries SA

02/06/2020 06:00

June 2 (Reuters) - EXEL INDUSTRIES SA  EXEP.PA : 
    * H1 REVENUE EUR 314.3 MILLION VERSUS EUR 348.9 MILLION YEAR
AGO
    * AT END MARCH 2020 NET DEBT EUR 156.0 MILLION VERSUS EUR
154.3
MILLION YEAR AGO
    * H1 NET LOSS EUR 36.4 MILLION VERSUS PROFIT EUR 1.2 MILLION
YEAR
AGO
    * H1 CURRENT OPERATING LOSS EUR 1.1 MILLION VERSUS PROFIT
EUR 5.0
MILLION YEAR AGO
    * SECURE MEDIUM-TERM FINANCING LINES ALLOW TO CONTINUE
BUSINESS
WITHOUT STATE GUARANTEED LOANS
    * PROVIDES NO FORECAST FOR FULL YEAR
    * COVID-19: INITIATED FURTHER REDUCTION IN FIXED COSTS,
FROZE
CERTAIN NON-PRIORITY INVESTMENTS
    * FAIRLY RAPID RECOVERY IN SALES IN APRIL AND MAY IN
AGRICULTURAL
SPRAYING AND GARDEN ACTIVITIES

Source text for Eikon:  ID::nGNX2lXJxb 
Further company coverage:  EXEP.PA 

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