Tuesday , October 15 2019
Home / morocco / Revenue for the first half of 2019: EUR 128.7 million – Solid activity during the half-year period – Reduction of financial debt incurred

Revenue for the first half of 2019: EUR 128.7 million – Solid activity during the half-year period – Reduction of financial debt incurred



Press Release

Lyon, 14 August 2019 at 18 hours

Turn 1st Semester 2019: EUR 128.7 million

Solid activity throughout the semester

Debt reduction

The ORAPI Group, the French leader in occupational hygiene, published on July 25, 2019. Turnover of EUR 128.7 million. EUR 128.8 million in 2018. On similar principles, which confirms the stability of the Group's sales.

As part of the continuation of this publication, Orapi confirms the implementation of the strategic plan to change orientation and improve operational efficiency, as well as to reduce financial debt.

We would like to remind you that as at December 31, 2018, financial debt amounted to EUR 65.7 million (excluding debt factors). The company also had € 15.2 million factoring lines and € 8.6 million available cash.

Excluding debt factors, debt for less than one year was EUR 14 million as at December 31, 2018. In the first half of 2019, Orapi repaid EUR 7.3 million and also applied for a banking pool to obtain an additional agreement on the leverage ratio of 30 June 2019, continuing the agreement already reached on the ratio of 31 March 2019.

At the same time, Orapi initiated talks with its financial partners to obtain adequate medium and long-term financing as well as financial flexibility necessary to implement the strategic plan.

Next meeting:

Half-year results on 18 September 2019

ORAPI designs, manufactures and distributes technical solutions and hygiene and hygiene products

maintenance. ORAPI is a French leader in the field of professional hygiene

ORAPI is listed in the Euronext Paris C compartment under the ISIN code: FR0000075392

Reuters code: ORPF. PA

Bloomberg code: ORAP. FP


Source link