Brief: Roularta Media Group H1 Net Result Turns To Loss Of 1.4 Million Euros

Roularta Media NV

17/08/2020 07:32

Aug 17 (Reuters) - ROULARTA MEDIA GROUP NV  RLRT.BR :
    * RESULTS FOR FIRST HALF OF 2020
    * H1 EBITDA DECREASED FROM € +10.7 MILLION TO € +5.4
MILLION.
    * MAINTAINS A STRONG CASH POSITION FOR THE FUTURE AND
CONTINUES TO
ROLL OUT ITS INVESTMENT PLAN
    * H1 NET RESULT AMOUNTED TO € -1.4 MILLION VERSUS. € +3.8
MILLION
LAST YEAR.
    * CONSOLIDATED REVENUE FROM THE FIRST HALF OF 2020 DECLINED
BY
18.5 %, FROM € 147.9 TO € 120.6 MILLION.
    * INCREASE IN SUBSCRIPTION REVENUES AND STRICT COST CONTROL
LIMIT
COVID-19 IMPACT AND RESULT IN A POSITIVE EBITDA
    * THE PROSPECTS FOR THE SECOND HALF OF THE YEAR REMAIN
POSITIVE IN
TERMS OF SUBSCRIPTION REVENUES.
    * STRONG BALANCE SHEET, BOTH IN TERMS OF LIQUIDITY WITH A
NET CASH
POSITION OF € 93.1 MILLION AND SOLVENCY, ENSURES THAT ROULARTA
IS WELL-EQUIPPED FOR THE FUTURE
    * ADVERTISING REVENUE WILL REMAIN SUBSTANTIALLY LOWER AND
VERY
VOLATILE FOR PRINTING ACTIVITIES, AUDIOVISUAL MEDIA AND INTERNET
ACTIVITIES
    * PRINTING SERVICES SEGMENT:  FOR H2 , WE EXPECT THE NUMBER
OF
PRINT ORDERS AS WELL AS VOLUME PER PRINT ORDER TO REMAIN BELOW
PRE-COVID-19 LEVEL, BUT HIGHER THAN IN Q2
    * EQUITY – GROUP SHARE AMOUNTED TO € 226.7 MILLION ON 30
JUNE 2020
COMPARED TO € 227.8 MILLION ON 31 DECEMBER 2019.

Source text for Eikon:  ID:nNDL3LFTbK 
Further company coverage:  RLRT.BR 

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