May 13, 2020 / 4:52 PM / 23 days ago

BRIEF-Emova Group Q2 Business Volume down at 26.0 Million Euros

May 13 (Reuters) - Emova Group SA:

* Q2 BUSINESS VOLUME EUR 26.0 MILLION VERSUS EUR 30.4 MILLION YEAR AGO

* MAINTAINS THE MAJOR AMBITIONS OF ITS 5-YEAR STRATEGIC PLAN

* Q2 INTERNATIONAL BUSINESS IS HOLDING UP WELL, WITH SLIGHT DECLINE OF €0.2 MILLION VERSUS Q2 LAST YEAR

* STILL TOO EARLY FOR EMOVA GROUP TO COMMIT TO ANNUAL GROWTH TARGETS

* STRENGTHENED CASH POSITION THANKS TO SUCCESS OF CAPITAL INCREASE WITH MAINTENANCE OF DPS INITIATED IN APRIL

* HAS ALSO BENEFITED FROM STATE-GUARANTEED LOAN (PGE) OF € 5 MILLION Source text: bit.ly/3fN2ii0 Further company coverage: (Gdansk Newsroom)

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