Report
Pierre-Yves Gauthier

Cash drain continues by H1, ends by 2017 ?

Europlasma released a set of figures for H1 16 that can only be acceptable because management confirmed that the cash drain will subside soon.
Sales are down €1.2m to €5.7m, EBITDA is flat at a negative €5m and the net loss is about €-9m (a €+0.7m improvement) so that shareholders’ funds stand now in the red at €-5.2m while net debt tops €10.8m from €5.7m. The primary cash consumer, Europlasma’s power generation unit, is actually making serious progress towards being declared “good to go” for the end of this year.
Underlying
Europlasma

Europlasma SA. Europlasma SA is a France-based company that offers a range of solutions for hazardous waste treatment. The Company's technology allows converting toxic waste into reusable materials. The Company is composed of four entities, such as Europlasma Torch & Process, which provides engineering consulting for hazardous waste treatment, and sells and licenses its plasma torches and technology; Inertam SAS, which specializes in destruction and valorization of asbestos waste and operates ash melting units; CHO Power SAS, which supplies technological solutions for the efficient transformation of biomass and waste into electric energy and Europe Environnement, which offers ventilation and air cleaning systems for industrial applications.

Provider
AlphaValue Corporate Services
AlphaValue Corporate Services

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Analysts
Pierre-Yves Gauthier

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