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 1st quarter of the year revenue plunged 7.9% on a reported basis to 1.49 billion euros.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.is a reality for French companies, whatever their size," Le Maire added.
"The state-guaranteed loan is a major lever to help them overcome this economically difficult period without trouble."
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