July 10, 2020 / 5:48 AM / a month ago

BRIEF-Balta Group Q2 Consolidated Revenue Down At 106.7 Million Euros

July 10 (Reuters) - BALTA GROUP NV:

* Q2 2020 CONSOLIDATED REVENUE WAS EUR 106.7M (-36.5% YOY)

* Q2 2020 NET CASH FLOW WAS EUR 7M POSITIVE, STRENGTHENING BALTA’S CASH BALANCE AT END OF Q2 2020 TO CA. EUR 87M

* SIGNIFICANT NEGATIVE IMPACT OF COVID-19 ON QUARTER, MOST SEVERELY IMPACTING APRIL, WITH EASING TREND STARTING MID-MAY AND CONTINUING IN JUNE

* IMPLEMENTATION OF NEXT, 3-YEAR PROGRAMME DESIGNED TO DELIVER SIGNIFICANT IMPROVEMENT IN EARNINGS, RESUMED AS OF EARLY JULY Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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