March 26, 2020 / 5:17 PM / 14 days ago

BRIEF-Wallix FY Operating Loss Widens To 6.8 Million Euros

March 26 (Reuters) -

* FY TURNOVER OF EUR 16.3 MILLION, AN INCREASE OF +29% COMPARED TO FISCAL YEAR 2018

* FY OPERATING LOSS OF EUR 6.8 MILLION, COMPARED WITH LOSS OF EUR 3.3 MILLION IN 2018

* FY NET LOSS OF EUR 6.8 MILLION VERSUS LOSS OF EUR 3.3 MILLION YEAR AGO

* END-DECEMBER CASH POSITION NET OF DEBT OF EUR 25.7 MILLION

* SEES CONTINUATION OF SUSTAINED GROWTH IN MEDIUM TERM, IN LINE WITH TRAJECTORY OUTLINED IN ITS STRATEGIC PLAN

* IN THE SHORT TERM, DISRUPTIONS SEEM INEVITABLE GIVEN THE EPIDEMIC CONTEXT

* TO DATE, WALLIX DOES NOT FACE ANY CANCELLATION OF ORDERS BUT ANTICIPATES POSTPONEMENTS OF DEPLOYMENTS

* INTERNATIONALLY, THE GROUP INTENDS TO DEPLOY ITS PRESENCE IN 80% OF THE TARGETED MARKETS, COMPARED TO 60% IN 2019

* IS CONFIDENT THAT ITS RIGOROUS MANAGEMENT WILL ALLOW IT TO GET THROUGH THE CURRENT PERIOD WITH SERENITY Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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