Brief: Prismaflex International: Significant COVID-19 Impact On Q4 Activity

Prismaflex International SA

14/05/2020 17:27

May 14 (Reuters) - Prismaflex International SA  ALPRI.PA :
    * 2019-2020 TOTAL SALES: EUR 51.2 MILLION (+5.2%)
    * ON CORONAVIRUS: CURRENT SITUATION MEANS BOTH BUSINESS AND
INDUSTRIAL ACTIVITY REMAIN LOW AT START OF PERIOD, NOTABLY FOR
PRINTING ACTIVITY
    * ORDER BACKLOG ON MARCH 31, 2020 STANDS AT EUR 12.4
MILLION, UP
EUR 3 MILLION ON MARCH 31, 2019
    * ON CORONAVIRUS: Q1 PRINTING ACTIVITY SALES WILL BE
SIGNIFICANTLY
DOWN
    * ON CORONAVIRUS: HARDWARE ACTIVITY SHOULD BE LESS AFFECTED
THANKS
TO A HEALTHY ORDER BACKLOG, NOTABLY FOR LED DISPLAY SALES
    * RECENTLY OBTAINED FROM ITS BANKS EUR 1.5 MILLION IN
STATE-BACKED
LOANS TO ANTICIPATE AND PREPARE FOR POST-CRISIS PERIOD
    * CARE IS BEING TAKEN BY PRISMAFLEX INTERNATIONAL TO
MAINTAIN ITS
CASH-FLOW
    * ON CORONAVIRUS: IMPACT ON TOTAL SALES FOR HARDWARE
DIVISION IS
ESTIMATED AT AROUND EUR 1.0 MILLION
    * PRINTING ACTIVITY IS SIGNIFICANTLY LOWER IN Q4 BY -14.6%,
FOLLOWING A SHARP DROP IN SALES ORDERS DUE TO COVID-19
    * ON CORONAVIRUS: SPREAD OF COVID-19 PANDEMIC AND PREVENTION
MEASURES HAD A SIGNIFICANT IMPACT ON GROUP Q4 ACTIVITY

Source text for Eikon:  ID:nACT63511 
Further company coverage:  ALPRI.PA 

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