Navya declares itself insolvent and requests its administration – 01/25/2023 at 18:11


(AOF) – Navya announces that it has made a declaration of cessation of payments today to the Commercial Court of Lyon. Given the evolution of its share price and the liquidity of the shares on the market, the company created in 2014, a specialist in the supply of autonomous mobility systems, is requesting its receivership. Navya has asked Euronext to suspend its share price. The title of the company quoted at 0.03 euro yesterday at the close. It had lost more than 92% of its value in six months.

The Lyon Commercial Court will rule on this request for the opening of receivership proceedings during a hearing to be held on January 31, 2023. If the Commercial Court grants the company’s request, the operation of the company will continue during the observation period.

The objective of this judicial reorganization procedure is to assess all the solutions making it possible to perpetuate the activity, maintain jobs as well as seek investors within the framework of a reorganization plan, by way of continuation or a plan. of assignment.

Given the uncertainty regarding the outcome of the receivership proceedings and the steps taken, Navya emphasizes that the suspension of the listing of its shares is maintained until further notice and that it may never resume.

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A paradoxical performance

Data from EY highlights that the performance of the world’s top 16 manufacturers was particularly strong in 2021. While the average margin has fallen for three years in a row, from 6.3% in 2017 to just 3.5% in 2020 , this margin stood at 8.5% in 2021. This level is a record for ten years. However, the context was particularly hectic for manufacturers, faced with unprecedented shortages of components. Global sales fell 14% in 2020, the year of the health crisis, to rebound by only 5% in 2021. However, last year, players were able to reap the benefits of their efforts on their fixed cost structure. .



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