We have updated our model after Advenis’ H1 report publication. Revenues stood at €40.9m, up 4.4% yoy on a pro forma basis, and the gross margin stood at 52% (from 59% yoy) due to higher operating charges — €19.8m from €16m yoy. Wages and external costs amounted to €24.9m, ahead of the pro forma €21.19m in H1 14, resulting in an operational loss of €5.6m in H1 15. Net financial charges now represent 4.9% of sales, an improvement from the 7.7% yoy and
18 Sep 2015
Positive operating results by 2016
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Positive operating results by 2016
- Published:
18 Sep 2015 -
Author:
Alda Kule Dale -
Pages:
2
We have updated our model after Advenis’ H1 report publication. Revenues stood at €40.9m, up 4.4% yoy on a pro forma basis, and the gross margin stood at 52% (from 59% yoy) due to higher operating charges — €19.8m from €16m yoy. Wages and external costs amounted to €24.9m, ahead of the pro forma €21.19m in H1 14, resulting in an operational loss of €5.6m in H1 15. Net financial charges now represent 4.9% of sales, an improvement from the 7.7% yoy and