December 12, 2016 / 10:18 AM / 14 days ago

BRIEF-Egide FY Net Loss Widens To 2.8 Million Euros

March 26 (Reuters) - EGIDE SA:

* 2019 ORDER BOOK: EUR 34.8M (+25% YOY)

* FY 2019 EBITDA: -EUR 0.1M VERSUS EUR 0.67M IN 2018

* 2020: FOCUS ON PROFITABILITY AND GROWTH

* TO THIS DAY, IMPACT OF COVID-19 STILL MINIMAL ON CUSTOMERS’ GLOBAL PRODUCTION AND DELIVERY REQUIREMENTS

* FY NET LOSS EUR 2.8 MILLION VERSUS LOSS OF EUR 2.3 MILLION YEAR AGO

* FY 2019 OPERATING RESULTS: -EUR 1.4M

* ON CORONAVIRUS: TO THIS DAY, IMPACT OF COVID-19 STILL MINIMAL ON CUSTOMERS’ GLOBAL PRODUCTION AND DELIVERY REQUIREMENTS

* ON CORONAVIRUS: TO DATE, NO MAJOR SUPPLY DISRUPTIONS IN EUROPE AND UNITED STATES HAVE BEEN SEEN

* ON CORONAVIRUS: SUPPLY CHAIN IN CHINA IS CONSTANTLY IMPROVING

* EGIDE GROUP FORECAST GROWTH IN 2020, SUPPORTED BY EUR 34.8 MILLION IN NEW ORDERS REGISTERED AT END OF 2019, COMPARED TO EUR 31.8 MILLION IN REVENUES IN 2019 Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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