Adapteo’s Business Review Release January-March 2020: Resilient business model with long term contracts
Adapteo Plc Regulatory press release 14 May 2020 at 7:30 a.m. CEST January-March 2020 · Rental sales amounted to EUR 31.5 (33.2) million. In constant currencies, rental salesdecreased by 4%. · Net sales amounted to EUR 49.1 (52.8) million. In constant currencies, net sales decreased by 6%. · Comparable EBITDA was EUR 20.4 (22.4) million, down by 9%. Comparable EBITDA margin was 41.6% (42.5%). · Operating cash flow before growth capex was EUR 7.9 (24.3) million. · Growth capex was EUR 3.6 (10.5) million. · Net debt to comparable EBITDA was 4.6x. Comments from the