Baraclit posts improved net debt despite COVID-related sales loss

Baraclit spa recorded 2020 sales of € 68,9 M, -16,2% vs 2019 and a net loss of roughly € 2,0 M, mainly due to the consequences of the COVID outbreak. At the same time, net debt end-of-year 2020 was roughly € 2,1 M, 51,2% reduced vs 2019, thanks to cost cutting initiatives and active management of working capital.