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The DLSI Group also has locations in Luxembourg, Germany, Switzerland and Poland.
Order of operations pemsa full#
The Group's agencies, most of which had ceased full activity since March, have returned to their previous activity levels, both in France and abroad. Prospects for the second half of 2020 are more favorable.
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The Group obtained a government-backed loan of €8M from its bank pool.Īpplication of IFRS 16 as at 30 June 2020 resulted in increasing the net fixed assets by €1.8M, as well as the financial debts by the same amount. The Group is therefore on solid financial footing based on a healthy and balanced financial structure. This cash is primarily the result of a drop in the WCR that reflects the dip in activity, the decision to not pay out dividends and the Group's budgetary discipline. Financial debts amounted to €17M compared with available cash of €16.9M. The Group's debt ratio is nonexistent, at 0.3% as at 30 June 2020. The Group's organization therefore made it possible to limit the fallout from the drop in revenue by generating negative operating income of (€1,103K) compared with a positive amount of €5,121K the previous financial year, and a negative Group share in net income of (€1,859K) compared with a profit of €2,663K.īalance sheet and overview: solid financial structure, no debt
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The other priority during this time was protecting jobs while implementing a variety of measures such as consolidating agencies, setting up employment assistance and the continuous streamlining of expenses. In the midst of this crisis, the DLSI Group was able to adapt and reorganize daily in order to continue providing its services to its clients, all while keeping the safety of all its employees at the forefront of its concerns. Results: the Group's organization limited fallout from the drop in revenue
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International activities were less affected, mainly thanks to operations in Switzerland via the PEMSA subsidiary whose activity was reduced by 19% during the first half of the year. In this difficult and unprecedented context, the DLSI Group has nevertheless been able to stay the course due to the implementation of various strategies in France and abroad, as well as the dedication of all its teams. Revenue from international activities (37% of consolidated revenue) fell 23%. Revenue from nuclear activities fell 33.3% as at 30 June 2020, at almost €5M compared with €7.5M for the first half of 2019. Revenue from activities in France (63% of consolidated revenue) suffered a 45% drop over the first six months of the year compared with the first half of 2019. Consolidated revenue was down 38.5% at €68.5M, compared with €111.4M for the first half of the previous financial year. Revenue: a major blow in France mitigated by international activityĪs expected, the health and economic crisis caused by COVID-19 greatly affected activity in the first half of 2020. (**) Financial debts take into account IFRS 16 restatement and financial leases. The value-added contribution (CVAE) pursuant to the business-tax reform has been reclassified as an income tax in accordance with IFRS standards.Wednesday, 30 September 2020, after market closeįirst half of 2020 bore full effect of the COVID-19 pandemicĭLSI SA's Management Board and Supervisory Board met on 25 September 2020 and closed the (unaudited) accounts for the first half of 2020: