Spineway - improved operating result despite cover

Press release                                                                                     Ecully, 25 January 2021 – 6 p.m.

2020 annual results

• 18% increase in operating income
• Improved performances during the second half of 2020
• Continued strengthening of the financial structure

         

In thousands of euros Consolidated accounts	HY1 2020	HY2 2020	% variation	2020	2019	% variation
Revenue	1 426	1 953	+ 37%	3 379	5 018	- 33%
Cost of goods sold	- 540	- 720	+ 33%	- 1 260	- 1 174	+ 7%
Gross margin	886	1 233	+ 39%	2 119	3 844	- 45%
Operating costs1   Including operational costs	- 2 250   - 1 266	- 1 779   - 1003	- 21%   - 21%	- 4 029   - 2 269	- 6 169   - 2 517	- 35%   - 10%
Including personnel expenses	- 1 170	- 1 108	- 5%	- 2 278	- 2 520	- 10%
Operating income	- 1 364	- 546	+ 60%	- 1 910	- 2 325	+ 18%
Financial income