About: http://data.cimple.eu/news-article/e2aedd8374479f7741e74cafe426b6a012037806c1c95d76d51ca349

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About: http://data.cimple.eu/news-article/e2aedd8374479f7741e74cafe426b6a012037806c1c95d76d51ca349 Goto Sponge Distinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Electronics' retail giant Fnac Darty announced on Sunday it had secured a 500 million euro loan guaranteed by the French state "to secure cash flow" and prepare for recovery after the coronavirus crisis. Finance Minister Bruno Lemaire said the guaranteed $544 million facility was "the first that the French state has granted to a major French company" to help it over the crisis. The group reported "very strong growth in e-commerce, in all countries, during the lockdown" but in the first quarter of the year revenue plunged 7.9 percent on a reported basis to 1.49 billion euros. With stores closed sales fell 30 percent in March, a statement said. However e-commerce doubled over the last half of March and the first days of April. The group had warned in mid-March it would not meet its minor growth targets and on Sunday withdrew proposed dividends for 2019 -- in line with government demands. "With more than 20 billion euros in loans given to 150,000 companies, the deployment of the state guaranteed loan is a reality for French companies, whatever their size" Lemaire added. "The state-guaranteed loan is a major lever to help them overcome this economically difficult period without trouble." Fnac Darty's one-year loan supported by French banks has a five-year extension option. tq/jub/cb/bp/wdb
schema:headline	French retailer Fnac Darty gets 500 million euro state loan
schema:mentions	Fnac Cornerback E-commerce Finance minister Lockdown France Groupe Fnac Darty Cash flow
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-04-19 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	69 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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