Edition:
India

Actia Group H1 EBITDA Down At 0.2 Million Euros


Tuesday, 22 Sep 2020 

Sept 22 (Reuters) - Actia Group SA ::H1 NET LOSS EUR 16.3 MILLION VERSUS PROFIT EUR 5.8 MILLION YEAR AGO.FOR 2020, ACTIA ANTICIPATES A DECLINE IN TURNOVER OF AROUND 15%, EXCLUSIVELY DUE TO THE PANDEMIC, AND AIMS TO REGAIN THE SAME LEVEL OF ACTIVITY AS IN 2019 BY 2021.CONSOLIDATED EBITDA FOR THE FIRST HALF OF 2020 WAS €0.2 MILLION, COMPARED WITH €21.6 MILLION FOR THE SAME PERIOD IN 2019.EXPECTS TO REBUILD ITS RESULTS H2 2020 TO ABSORB PART OF THE LOSSES INCURRED IN H1.FINANCIAL INTEREST, AT €1.7M FOR THE FIRST HALF OF THE YEAR, COMPARED WITH €1.9M FOR THE FIRST HALF OF 2019.ADAPTATION OF THE COMMERCIAL STRATEGY AND COST-CUTTING MEASURES ARE CONTINUING WITH A VIEW TO REBUILDING RESULTS IN THE SECOND HALF OF 2020 IN ORDER TO GET CLOSER TO OPERATIONAL EQUILIBRIUM IN 2020. 

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