{"id":470112,"date":"2021-04-01T16:13:29","date_gmt":"2021-04-01T20:13:29","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=470112"},"modified":"2021-04-01T16:13:29","modified_gmt":"2021-04-01T20:13:29","slug":"genfit-reports-full-year-2020-financial-results-and-provides-corporate-update","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/genfit-reports-full-year-2020-financial-results-and-provides-corporate-update\/","title":{"rendered":"GENFIT Reports Full-Year 2020 Financial Results and Provides Corporate Update"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"center\">\n        <strong>GENFIT Reports Full-Year 2020 Financial Results and Provides Corporate Update<\/strong>\n      <\/p>\n<ul type=\"disc\">\n<li>\n          <strong>Cash position of \u20ac171 million as of December 31, 2020, excluding the \u20ac47.5 million partial buyback of the OCEANEs completed in January 2021, that cancelled \u20ac85.7 million nominal amount of convertible debt<\/strong>\n        <\/li>\n<li>\n          <strong>Additional \u20ac30.6 million nominal amount of convertible debt cancelled following conversion by bondholders, bringing outstanding nominal debt down to \u20ac63.6 million as of March 12, 2021 (i.e. &lt;1\/3 of initial debt value)<\/strong>\n        <\/li>\n<li>\n          <strong>3 of the 4 corporate objectives announced in the Fall 2020 already successfully achieved (refocus on PBC and NIS4\u2122, cash burn reduction, debt restructuring) &#8211; Next update on corporate strategy to take place in June 2021.<\/strong>\n        <\/li>\n<\/ul>\n<p align=\"justify\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<strong>\u00a0<\/strong><\/p>\n<p align=\"justify\">\n        <strong>Lille (France), Cambridge (Massachusetts, United States), April 1, 2021<\/strong> \u2013 <strong>GENFIT (Nasdaq and Euronext: GNFT)<\/strong>, a late-stage biopharmaceutical company dedicated to improving the lives of patients with metabolic and liver diseases, today announced its annual financial results for the full year ended December 31, 2020. A summary of the consolidated financial statements is included below.\u00a0 <\/p>\n<p align=\"justify\">\n        <strong>Pascal Prigent, CEO of GENFIT<\/strong>, commented: <em>\u201cSince we announced data from RESOLVE-IT\u2122 in May 2020, the teams at GENFIT have worked relentlessly. Our quick roll-out of the new strategy announced in September allowed us to already meet many priority objectives. First, we rolled-out and completed a restructuring plan targeting approximately 40% of our workforce, reorganized and reprioritized our R&amp;D programs, and put in place an ambitious cost-saving plan. Consequently, we have managed to reduce our cash burn by half our (excluding debt renegotiation and costs associated with the termination of the RESOLVE-IT\u2122 trial). Second, we renegotiated our debt, reducing it to a little over \u20ac60MM with a maturity in 2025 from \u20ac180MM and a maturity in 2022. Third, our Phase 3 ELATIVE\u2122 clinical trial in PBC is ongoing, patient enrolment is moving forward as expected and we anticipate data early 2023. Our market research shows our strong competitive potential in this market, estimated at over $1bn by 2025. Finally, use of our NIS4\u2122 technology is on the rise in ongoing NASH clinical trials. A diagnostic test powered by NIS4\u2122 will be made available in the coming weeks by our partner Labcorp to all prescribers in the US. GENFIT is a company that managed to reinvent itself in just a few months\u2026 We have set up the right conditions to rebound and are moving to the future with confidence.\u201d<\/em><\/p>\n<p align=\"justify\">\n        <strong>Financial results<\/strong>\n      <\/p>\n<table style=\"border-collapse: collapse;width:496.15pt;border-collapse:collapse\">\n<tr>\n<td style=\"width:340.2px;vertical-align: bottom\">\n            <strong>KEY FIGURES (CONSOLIDATED)<\/strong>\n          <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"3\" style=\"width:311.6px;border-bottom: solid black 1pt;vertical-align: bottom\"> \u00a0 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:340.2px;border-bottom: solid black 1pt;vertical-align: bottom\">\n            <strong>(in \u20ac thousands, except earnings per share data)<\/strong>\n          <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:150.94px;text-align: center;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: bottom\">\n            <strong>2019\/12\/31<\/strong>\n          <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:150.94px;text-align: center;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: bottom\">\n            <strong>2020\/12\/31<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:340.2px;vertical-align: bottom\">\n            <strong><br \/>\n              <u>Revenues and other income<\/u><br \/>\n            <\/strong>\n          <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:150.94px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 40 961  <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:150.94px;text-align: right;vertical-align: middle;vertical-align: bottom\"> 7 758 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:340.2px;vertical-align: bottom\"> Research and development expenses <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:150.94px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (66 170) <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:150.94px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (59 097) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:340.2px;vertical-align: bottom\"> General and administrative expenses <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:150.94px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (17 265) <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:150.94px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (14 270) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:340.2px;vertical-align: bottom\"> Marketing and market access expenses <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:150.94px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (13 708) <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:150.94px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (11 216) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:340.2px;vertical-align: bottom\"> Reorganization and restructuring expenses <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:150.94px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u2014  <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:150.94px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (5 308) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:340.2px;vertical-align: bottom\"> Other operating income (expenses) <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:150.94px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1 649) <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:150.94px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (764) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:340.2px;vertical-align: bottom\">\n            <strong>Operating income (loss)<\/strong>\n          <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:150.94px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\">\n            <strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (57 832)<\/strong>\n          <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:150.94px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\">\n            <strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (82 897)<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:340.2px;vertical-align: bottom\"> Financial income <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:150.94px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 5 221  <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:150.94px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 6 544  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:340.2px;vertical-align: bottom\"> Financial expenses <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:150.94px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (13 110) <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:150.94px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (25 296) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:340.2px;vertical-align: bottom\">\n            <strong>Financial profit (loss)<\/strong>\n          <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:150.94px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\">\n            <strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (7 889)<\/strong>\n          <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:150.94px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\">\n            <strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (18 752)<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:340.2px;vertical-align: bottom\"> Net profit (loss) before tax <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:150.94px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (65 721) <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:150.94px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (101 649) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:340.2px;vertical-align: bottom\"> Income tax benefit (expense) <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:150.94px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 576  <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:150.94px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 428  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:340.2px;vertical-align: bottom\">\n            <strong>Net profit (loss)<\/strong>\n          <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:150.94px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\">\n            <strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (65 144)<\/strong>\n          <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:150.94px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\">\n            <strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (101 221)<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:340.2px;vertical-align: bottom\"> Basic and diluted earnings (loss) per share (\u20ac\/share) <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:150.94px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1,76) <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:150.94px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (2,60) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:340.2px;vertical-align: bottom\"> Cash and cash equivalents <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:150.94px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 276 748  <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:150.94px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 171 029  <\/td>\n<\/tr>\n<\/table>\n<p>* Financial statements are not audited. The audit procedures by the Statutory Auditors are underway. <\/p>\n<p>\n        <strong><br \/>\n          <em>Revenues and other incomes<\/em><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">Revenues for 2020 amounted to \u20ac765 thousand compared to \u20ac31 million for 2019. <\/p>\n<p align=\"justify\">Revenues included revenues from the licensing agreements with Covance\/Labcorp to roll out the NIS4\u2122 diagnostic technology in NASH and the sale of goods and services provided pursuant to the collaboration and license agreement with Terns Pharmaceuticals.\u00a0 As a comparison, revenues for 2019 mainly consisted of the $35 million upfront payment received from Terns Pharmaceuticals as part of the collaboration and license agreement. <\/p>\n<p align=\"justify\">In this context, the operating income for 2020 amounted to \u20ac6 million (\u20ac7.9 million in 2020 minus the \u20ac1.9 million associated with the Research Tax Credit litigation from 2010 to 2014) essentially from the Research Tax Credit, compared to \u20ac8.1 million the previous year. <\/p>\n<p>\n        <strong><br \/>\n          <em>Operating results and expenses<\/em><br \/>\n        <\/strong>\n      <\/p>\n<p>R&amp;D expenditures, general and administrative expenses, marketing and market access expenses and other operating expenses were reduced in 2020 compared to the previous year. These expenses, amounting to approximately \u20ac98.9 million in 2019 were reduced to approximately \u20ac85.3 million in 2020. This reduction in operating expenses is the first translation of the multi\u00ad-year cost reduction plan and the reorganization begun during Q4 2020. As indicated, the effects of this plan and reorganization will become clearer in 2021 and will be fully realized in 2022. <\/p>\n<p>In the meantime, reorganization and restructuring costs associated with cost saving measures have decreased the operating results by about \u20ac5.3 million in 2020.<\/p>\n<p>\n        <strong><br \/>\n          <em>Financial results<\/em><br \/>\n        <\/strong>\n      <\/p>\n<p>2020 resulted in a financial loss of \u20ac18.7 million (compared to a loss of \u20ac7.9 million the previous year). A significant part of this financial loss, amounting to \u20ac8.4 million, can nonetheless be qualified as dormant as it is associated with exchange rate differences in cash investments that were made in in U.S. dollars and that have been kept in their original currency since they were made. <\/p>\n<p>\n        <strong><br \/>\n          <em>Cash position<\/em><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">As of December 31, 2020, the Company\u2019s cash and cash equivalents amounted to \u20ac171.0 million compared with \u20ac276.7 million, as of December 31, 2019. As a reminder, the Company completed its initial public offering on the Nasdaq in March 2019, raising gross proceeds of $155 million.<\/p>\n<p align=\"justify\">The cash position as of December 31, 2020 omits the cost of the partial buyback by the Company of its \u20ac180 million nominal amount of convertibles bonds (OCEANE) issued in October 2017. Following the completion of this transaction, \u20ac85.7 million of convertible debt was canceled by spending a gross amount of only \u20ac47.5<sup>1<\/sup> million.<br \/>Following conversion of OCEANEs into shares up until March 12, 2021, which led to the creation of 5,695,621 new shares, the residual convertible debt, initially reduced to a nominal amount of \u20ac94.3 million through the partial buyback transaction, was further reduced by a nominal amount of \u20ac30.6 million, with approximately \u20ac63.6 million outstanding as of March 12, 2021.<\/p>\n<p>\n        <strong>2020 Key Highlights <\/strong>\n      <\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <em><br \/>\n            <strong>May 2020: topline data from the Phase 3 clinical trial in NASH (RESOLVE-IT\u2122)<\/strong><br \/>\n          <\/em><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">GENFIT announced in May 2020 that the Phase 3 clinical trial RESOLVE-IT\u2122 did not meet the predefined primary surrogate efficacy endpoint of NASH resolution without worsening of fibrosis in the ITT population. <\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <em><br \/>\n            <strong>September 2020: New corporate strategy<\/strong><br \/>\n          <\/em><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">Following the detailed review of the full dataset of the RESOLVE-IT\u2122 Phase 3 data, GENFIT announced in September 2020 a series of decisions defining its new roadmap, now focused on two priority areas: the development of elafibranor in Primary Biliary Cholangitis and the commercialization by Labcorp of a diagnostic test for NASH based on the NIS4\u2122 technology.<\/p>\n<p align=\"justify\">The overall clinical development program for elafibranor in NASH and all activities associated with the commercial launch of elafibranor in NASH have been terminated given the low probability of success compared to required expenses. <\/p>\n<p align=\"justify\">A comprehensive cost-saving plan has been implemented with the goal of reducing by more than 50% the cash burn rate over two years, going from a \u20ac110 million rate annually before our RESOLVE-IT\u2122 Phase 3 data, to approximately \u20ac45 million annually, beginning in 2022. 2021 will be a transition year with a cash burn of approximately \u20ac75 million (excluding the partial OCEANEs buyback transaction for \u20ac47.48 million in cash) mainly due to the residual expenses related to the termination of the RESOLVE-IT\u2122 clinical trial, and to costs associated with the workforce reduction plan and the OCEANEs renegotiation expenses. This plan included:<\/p>\n<ul type=\"disc\">\n<li>the redirection of R&amp;D activities and the termination of secondary programs, including the program evaluating the potential of the RORgT target;<\/li>\n<li>\u00a0workforce restructuring plan aims to reduce the overall workforce by 40%, encompassing both the U.S and France in order to align the company size to the new scope of activity;<\/li>\n<li>an ambitious expenditure control plan.<\/li>\n<\/ul>\n<p align=\"justify\">\n        <strong><br \/>\n          <em><br \/>\n            <strong>November 2020 \u2013 January 2021: partial buyback and amendment of the terms of the bonds debt <\/strong><br \/>\n          <\/em><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">In November, GENFIT launched a plan for a partial buyback and amendment of the terms of the OCEANEs 2022, with several objectives:<\/p>\n<p align=\"justify\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01. Preserve funding capacity for the Company\u2019s operational functionality;<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02. Reduce the amount of financial debt to be redeemed;<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a03. Defer the OCEANEs maturity date in line with the next milestones in the Company\u2019s two<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0main programs: the ELATIVE\u2122 Phase 3 clinical trial evaluating elafibranor in PBC and the NIS4\u2122<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0technology for NASH diagnosis;<br \/>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04. Maximize the potential value-creation for shareholders and the OCEANEs holders.<\/p>\n<p align=\"justify\">In January 2021, this project was met with sweeping approval of the new terms, by 98.5% of shareholders and 88% of bondholders who voted. The debt was reduced by more than half its original amount, and its maturity extended to October 2025.<\/p>\n<p align=\"justify\">With this significant restructuring plan now behind us, 2021 will be a year to execute on our strategy. <\/p>\n<p>\n        <strong>2021 Outlook<\/strong>\n      <\/p>\n<p>\n        <strong><br \/>\n          <em>Continuation of priority programs<\/em><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">\n        <strong>Clinical development of our drug candidate elafibranor for the treatment of Primary Biliary Cholangitis (PBC)<\/strong>\n      <\/p>\n<p align=\"justify\">In 2021, we will continue the development of elafibranor in Primary Biliary Cholangitis (PBC) and the enrolment of patients in ELATIVE\u2122, our Phase 3 clinical trial.<\/p>\n<p align=\"justify\">As a reminder, elafibranor obtained promising results in a Phase 2 clinical trial evaluating its efficacy and safety in this indication that have been published in February 2021 in the Journal of Hepatology. Following 12 weeks of treatment, elafibranor demonstrated statistically significant efficacy results on the composite endpoint that was the basis for regulatory approval of a second line treatment when assessed at 12 months. Furthermore, a positive trend on pruritus \u2013 that will need to be confirmed in the Phase 3 trial \u2013 could reinforce elafibranor\u2019s differentiated potential. In addition, the abundance of data derived from the RESOLVE-IT\u2122 trial have shown a good safety profile. <\/p>\n<p align=\"justify\">The enrolment for this trial began in September 2020 and the topline data is expected early 2023. If successful in early 2023, by 2025 elafibranor could potentially be a new therapeutic option for patients with high unmet needs despite existing therapies (UDCA as first line treatment and Ocaliva as second line treatment), and become the first alternative to Ocaliva in a market estimated to $1 billion in 2025.<\/p>\n<p align=\"justify\">IQVIA, a recognized leader in research and consulting services for the pharmaceutical industry, was commissioned by GENFIT to conduct three comprehensive market research studies evaluating the potential market opportunity, should it be granted regulatory approval, of elafibranor as a second line treatment. IQVIA estimates the total PBC market could reach $1.5 billion annually in 2035, and elafibranor, if approved, could achieve $515 million in peak year revenue, as second line treatment for patients with PBC that cannot benefit from the first line therapy.<\/p>\n<p align=\"justify\">\n        <strong>Large scale commercial roll-out by Labcorp of a non-invasive NASH diagnosis test based on our NIS4\u2122 technology<\/strong>\n      <\/p>\n<p align=\"justify\">It is essential to make a non-invasive solution available to healthcare professionals on a large scale. This is why our partner Labcorp is committed to launching as early as 2021 a molecular blood based diagnostic test powered by the NIS4\u2122 technology throughout the U.S. and Canada. This test aims to facilitate the identification of patients with \u201cat-risk\u201d NASH, making it widely available to healthcare professionals. This step will make our technology available on a large scale, where its use was until now restricted to clinical research community stakeholders.<\/p>\n<p align=\"justify\">Although the market\u2019s growth is tightly linked to the availability of the first therapies, market research shows that there is already an unmet medical need despite the setbacks some of the drug candidates in NASH have met. These studies show the benefit for millions of patients with diabetes, prediabetes, obesity or excess weight or with other risk factors to act and take control over the progression of their disease, even without drugs, or by implementing lifestyle changes, with a specific diet and\/or more intense exercise.<\/p>\n<p align=\"justify\">In 2021, GENFIT will pursue its subsidiarization project that will allow for the creation in 2021 of a new independent operational entity aimed at ensuring a more independent steering and a more autonomous growth for the NASH diagnostics activity. The subsidiary will focus on the development of solutions to aid in the identification, evaluation and monitoring of patients with NASH. The new organization should facilitate the implementation of future partnerships for NIS4\u2122, but also for other solutions. <\/p>\n<p align=\"justify\">\n        <strong>R&amp;D<\/strong>\n      <\/p>\n<p align=\"justify\">In 2021, GENFIT will pursue its R&amp;D efforts. Several programs currently in preclinical development are expected to move into clinical development. More detail will be provided at the mid-year corporate update.<\/p>\n<p>\n        <strong>Conference Call on April 1, 2021 at 4:15pm EDT \/ 10:15pm CEST<\/strong>\n      <\/p>\n<p align=\"justify\">GENFIT will host a Full-Year 2020 Financial Results and Corporate Update conference call on April 1, 2021 at 4:15pm EDT \/ 10:15pm CEST. The conference call will be accessible on the investor page of our website, under the events section at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Z8sOB8yfSt4IPvBnVntEajNUTmV8ujoJWiH0zvkoBU7NKQbvxBUIUaz1jThvAVcZYO2KA370cMrZp5CalFKecHecTZBOuMPuwFEvmMhmvJM=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>https:\/\/ir.genfit.com\/<\/u><\/a> or by calling +1 (877) 407 9167 (toll-free U.S. and Canada), +1\u00a0(201) 493 6754 (international) or 0 800 912\u00a0848 (France) five minutes prior to the start time (no passcode needed). A replay will be available shortly after the call. <\/p>\n<p align=\"center\">\n        <strong>APPENDICES<\/strong>\n      <\/p>\n<p>\n        <br \/>\u00a0<\/p>\n<p align=\"center\">\n        <strong>Consolidated Statement of Financial Position*<\/strong>\n      <\/p>\n<table style=\"border-collapse: collapse;width:497.1pt;border-collapse:collapse\">\n<tr>\n<td style=\"width:378px;vertical-align: bottom\">\n            <strong>ASSETS<\/strong>\n          <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"3\" style=\"width:275.07px;text-align: center;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: bottom\">\n            <strong>As of<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:378px;border-bottom: solid black 1pt;vertical-align: bottom\">\n            <strong>(in \u20ac thousands)<\/strong>\n          <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:133.27px;text-align: center;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: bottom\">\n            <strong>2019\/12\/31<\/strong>\n          <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:132.07px;text-align: center;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: bottom\">\n            <strong>2020\/12\/31<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:378px;vertical-align: bottom\">\n            <strong><br \/>\n              <u>Current assets<\/u><br \/>\n            <\/strong>\n          <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:133.27px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:132.07px;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:378px;vertical-align: bottom\"> Cash and cash equivalents <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:133.27px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 276 748  <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:132.07px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 171 029  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:378px;vertical-align: bottom\"> Current trade and others receivables <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:133.27px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 12 033  <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:132.07px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 11 919  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:378px;vertical-align: bottom\"> Other current assets <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:133.27px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1 968  <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:132.07px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1 765  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:378px;vertical-align: bottom\"> Inventories <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:133.27px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4  <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:132.07px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:378px;vertical-align: bottom\"> Total &#8211; Current assets <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:133.27px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 290 753  <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:132.07px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 184 717  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:378px;vertical-align: bottom\">\n            <strong><br \/>\n              <u>Non-current assets<\/u><br \/>\n            <\/strong>\n          <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:133.27px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:132.07px;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:378px;vertical-align: bottom\"> Intangible assets <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:133.27px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 920  <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:132.07px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 791  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:378px;vertical-align: bottom\"> Property, plant and equipment <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:133.27px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 16 453  <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:132.07px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 11 648  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:378px;vertical-align: bottom\"> Other non-current financial assets <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:133.27px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1 727  <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:132.07px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1 458  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:378px;vertical-align: bottom\"> Deferred tax assets <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:133.27px;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u2014  <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:132.07px;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u2014  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:378px;vertical-align: bottom\"> Total &#8211; Non-current assets <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:133.27px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 19 099  <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:132.07px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 13 897  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:378px;vertical-align: bottom\">\n            <strong>Total &#8211; Assets<\/strong>\n          <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:133.27px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\">\n            <strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 309 853 <\/strong>\n          <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:132.07px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\">\n            <strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 198 614 <\/strong>\n          <\/td>\n<\/tr>\n<\/table>\n<p>\n        \n      <\/p>\n<table style=\"border-collapse: collapse;width:492.4pt;border-collapse:collapse\">\n<tr>\n<td style=\"width:378px;vertical-align: bottom\">\n            <strong>SHAREHOLDERS&#8217; EQUITY AND LIABILITIES<\/strong>\n          <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"3\" style=\"width:267.14px;text-align: center;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: bottom\">\n            <strong>As of<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:378px;border-bottom: solid black 1pt;vertical-align: bottom\">\n            <strong>(in \u20ac thousands)<\/strong>\n          <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129px;text-align: center;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: bottom\">\n            <strong>2019\/12\/31<\/strong>\n          <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:126.74px;text-align: center;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: bottom\">\n            <strong>2020\/12\/31<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:378px;vertical-align: bottom\">\n            <strong><br \/>\n              <u>Current liabilities<\/u><br \/>\n            <\/strong>\n          <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:126.74px;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:378px;vertical-align: bottom\"> Current convertible loans <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1 312  <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:126.74px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1 313  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:378px;vertical-align: bottom\"> Other current loans and borrowings <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3 226  <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:126.74px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3 035  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:378px;vertical-align: bottom\"> Current trade and other payables <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 36 917  <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:126.74px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 25 564  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:378px;vertical-align: bottom\"> Current deferred income and revenue <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 139  <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:126.74px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 124  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:378px;vertical-align: bottom\"> Current provisions <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2 061  <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:126.74px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1 031  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:378px;vertical-align: bottom\"> Total &#8211; Current liabilities <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 43 657  <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:126.74px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 31 067  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:378px;vertical-align: bottom\">\n            <strong><br \/>\n              <u>Non-current liabilities<\/u><br \/>\n            <\/strong>\n          <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:126.74px;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:378px;vertical-align: bottom\"> Non-current convertible loans <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 164 142  <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:126.74px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 169 470  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:378px;vertical-align: bottom\"> Other non-current loans and borrowings <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 14 939  <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:126.74px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 11 873  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:378px;vertical-align: bottom\"> Non-current trade and other payables <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 450  <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:126.74px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 451  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:378px;vertical-align: bottom\"> Non-current employee benefits <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1 408  <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:126.74px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1 148  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:378px;vertical-align: bottom\"> Deferred tax liabilities <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1 193  <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:126.74px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 767  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:378px;vertical-align: bottom\"> Total &#8211; Non-current liabilities <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 182 132  <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:126.74px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 183 709  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:378px;vertical-align: bottom\">\n            <strong><br \/>\n              <u>Shareholders&#8217; equity<\/u><br \/>\n            <\/strong>\n          <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:126.74px;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:378px;vertical-align: bottom\"> Share capital <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 9 715  <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:126.74px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 9 722  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:378px;vertical-align: bottom\"> Share premium <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 377 821  <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:126.74px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 379 057  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:378px;vertical-align: bottom\"> Retained earnings (accumulated deficit) <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (238 340) <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:126.74px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (303 629) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:378px;vertical-align: bottom\"> Currency translation adjustment <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 14  <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:126.74px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (92) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:378px;vertical-align: bottom\"> Net profit (loss) <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129px;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (65 144) <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:126.74px;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (101 221) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:378px;vertical-align: bottom\"> Total shareholders&#8217; equity &#8211; Group share <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129px;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 84 065  <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:126.74px;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (16 162) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:378px;vertical-align: bottom\"> Non-controlling interests <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129px;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u2014  <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:126.74px;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u2014  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:378px;vertical-align: bottom\"> Total &#8211; Shareholders&#8217; equity <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 84 065  <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:126.74px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (16 162) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:378px;vertical-align: bottom\">\n            <strong>Total &#8211; Shareholders&#8217; equity &amp; liabilities<\/strong>\n          <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\">\n            <strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 309 853 <\/strong>\n          <\/td>\n<td style=\"width:11.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:126.74px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\">\n            <strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 198 614 <\/strong>\n          <\/td>\n<\/tr>\n<\/table>\n<p>* Financial statements are not audited. The audit procedures by the Statutory Auditors are underway<\/p>\n<p align=\"center\">\n        <strong>Statement of Operations*<\/strong>\n      <\/p>\n<table style=\"border-collapse: collapse;width:524.5pt;border-collapse:collapse\">\n<tr>\n<td style=\"width:412.67px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.74px;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"3\" style=\"width:275.94px;text-align: center;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: bottom\">\n            <strong>Year ended<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:412.67px;border-bottom: solid black 1pt;vertical-align: bottom\">\n            <strong>(in \u20ac thousands, except earnings per share data)<\/strong>\n          <\/td>\n<td style=\"width:10.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:134.2px;text-align: center;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: bottom\">\n            <strong>2019\/12\/31<\/strong>\n          <\/td>\n<td style=\"width:10.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:131px;text-align: center;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: bottom\">\n            <strong>2020\/12\/31<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:412.67px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:134.2px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:131px;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:412.67px;vertical-align: bottom\">\n            <strong><br \/>\n              <u>Revenues and other income<\/u><br \/>\n            <\/strong>\n          <\/td>\n<td style=\"width:10.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:134.2px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:131px;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:412.67px;vertical-align: bottom\"> Revenue <\/td>\n<td style=\"width:10.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:134.2px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 30 839  <\/td>\n<td style=\"width:10.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:131px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 765  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:412.67px;vertical-align: bottom\"> Other income <\/td>\n<td style=\"width:10.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:134.2px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 10 122  <\/td>\n<td style=\"width:10.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:131px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 6 993  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:412.67px;vertical-align: bottom\"> Revenues and other income <\/td>\n<td style=\"width:10.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:134.2px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 40 961  <\/td>\n<td style=\"width:10.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:131px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 7 758  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:412.67px;vertical-align: bottom\">\n            <strong><br \/>\n              <u>Operating expenses and other operating income (expenses)<\/u><br \/>\n            <\/strong>\n          <\/td>\n<td style=\"width:10.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:134.2px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:10.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:131px;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:412.67px;vertical-align: bottom\"> Research and development expenses <\/td>\n<td style=\"width:10.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:134.2px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (66 170) <\/td>\n<td style=\"width:10.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:131px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (59 097) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:412.67px;vertical-align: bottom\"> General and administrative expenses <\/td>\n<td style=\"width:10.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:134.2px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (17 265) <\/td>\n<td style=\"width:10.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:131px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (14 270) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:412.67px;vertical-align: bottom\"> Marketing and market access expenses <\/td>\n<td style=\"width:10.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:134.2px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (13 708) <\/td>\n<td style=\"width:10.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:131px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (11 216) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:412.67px;vertical-align: bottom\"> Reorganization and restructuring expenses <\/td>\n<td style=\"width:10.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:134.2px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u2014  <\/td>\n<td style=\"width:10.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:131px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (5 308) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:412.67px;vertical-align: bottom\"> Other operating income (expenses) <\/td>\n<td style=\"width:10.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:134.2px;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1 649) <\/td>\n<td style=\"width:10.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:131px;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (764) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:412.67px;vertical-align: bottom\">\n            <strong><br \/>\n              <u>Operating income (loss)<\/u><br \/>\n            <\/strong>\n          <\/td>\n<td style=\"width:10.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:134.2px;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: bottom\">\n            <strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (57 832)<\/strong>\n          <\/td>\n<td style=\"width:10.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:131px;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: bottom\">\n            <strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (82 897)<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:412.67px;vertical-align: bottom\"> Financial income <\/td>\n<td style=\"width:10.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:134.2px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 5 221  <\/td>\n<td style=\"width:10.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:131px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 6 544  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:412.67px;vertical-align: bottom\"> Financial expenses <\/td>\n<td style=\"width:10.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:134.2px;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (13 110) <\/td>\n<td style=\"width:10.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:131px;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (25 296) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:412.67px;vertical-align: bottom\">\n            <strong><br \/>\n              <u>Financial profit (loss)<\/u><br \/>\n            <\/strong>\n          <\/td>\n<td style=\"width:10.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:134.2px;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (7 889)<\/strong>\n          <\/td>\n<td style=\"width:10.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:131px;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (18 752)<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:412.67px;vertical-align: bottom\">\n            <strong><br \/>\n              <u>Net profit (loss) before tax<\/u><br \/>\n            <\/strong>\n          <\/td>\n<td style=\"width:10.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:134.2px;text-align: right;vertical-align: middle;border-top: solid black 1pt;vertical-align: bottom\">\n            <strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (65 721)<\/strong>\n          <\/td>\n<td style=\"width:10.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:131px;text-align: right;vertical-align: middle;border-top: solid black 1pt;vertical-align: bottom\">\n            <strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (101 649)<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:412.67px;vertical-align: bottom\"> Income tax benefit (expense) <\/td>\n<td style=\"width:10.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:134.2px;text-align: right;vertical-align: middle;border-top: solid black 1pt;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 576  <\/td>\n<td style=\"width:10.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:131px;text-align: right;vertical-align: middle;border-top: solid black 1pt;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 428  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:412.67px;vertical-align: bottom\">\n            <strong><br \/>\n              <u>Net profit (loss)<\/u><br \/>\n            <\/strong>\n          <\/td>\n<td style=\"width:10.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:134.2px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\">\n            <strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (65 144)<\/strong>\n          <\/td>\n<td style=\"width:10.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:131px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\">\n            <strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (101 221)<\/strong>\n          <\/td>\n<\/tr>\n<\/table>\n<p>* Financial statements are not audited. The audit procedures by the Statutory Auditors are underway<\/p>\n<p align=\"center\">\n        <strong>Statement of Cash Flows*<\/strong>\n      <\/p>\n<table style=\"border-collapse: collapse;width:520.4pt;border-collapse:collapse\">\n<tr>\n<td style=\"width:406.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:136px;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>Year ended<\/strong>\n          <\/td>\n<td style=\"width:12px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129.74px;text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>Year ended<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;border-bottom: solid black 1pt;vertical-align: bottom\">\n            <strong>(in \u20ac thousands)<\/strong>\n          <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:136px;text-align: center;vertical-align: middle;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\">\n            <strong>2019\/12\/31<\/strong>\n          <\/td>\n<td style=\"width:12px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129.74px;text-align: center;vertical-align: middle;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\">\n            <strong>2020\/12\/31<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:136px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:12px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129.74px;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;vertical-align: bottom\">\n            <strong><br \/>\n              <u>Cash flows from operating activities<\/u><br \/>\n            <\/strong>\n          <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:136px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:12px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129.74px;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;vertical-align: bottom\"> \u00a0+ Net profit (loss) <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:136px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (65 144) <\/td>\n<td style=\"width:12px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129.74px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (101 221) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;vertical-align: bottom\">\n            <strong><br \/>\n              <u>Reconciliation of net loss to net cash used in operating activities<\/u><br \/>\n            <\/strong>\n          <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:136px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u2014  <\/td>\n<td style=\"width:12px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129.74px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u2014  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;vertical-align: bottom\"> Adjustments for: <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:136px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u2014  <\/td>\n<td style=\"width:12px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129.74px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u2014  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;vertical-align: bottom\"> \u00a0+ Depreciation and amortization on tangible and intangible assets <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:136px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3 263  <\/td>\n<td style=\"width:12px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129.74px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3 559  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;vertical-align: bottom\"> \u00a0+ Impairment and provision for litigation <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:136px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 357  <\/td>\n<td style=\"width:12px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129.74px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3 015  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;vertical-align: bottom\"> \u00a0+ Expenses related to share-based compensation <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:136px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1 657  <\/td>\n<td style=\"width:12px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129.74px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1 236  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;vertical-align: bottom\"> \u00a0&#8211; Gain on disposal of property, plant and equipment <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:136px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (19) <\/td>\n<td style=\"width:12px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129.74px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 80  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;vertical-align: bottom\"> \u00a0+ Net finance expenses (revenue) <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:136px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 11 437  <\/td>\n<td style=\"width:12px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129.74px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 10 335  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;vertical-align: bottom\"> \u00a0+ Income tax expense (benefit) <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:136px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (576) <\/td>\n<td style=\"width:12px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129.74px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (428) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;vertical-align: bottom\"> \u00a0+ Other non-cash items including Research Tax Credit litigation <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:136px;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1 702  <\/td>\n<td style=\"width:12px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129.74px;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1 818) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;vertical-align: bottom\"> Operating cash flows before change in working capital <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:136px;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (47 324) <\/td>\n<td style=\"width:12px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129.74px;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (85 242) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;vertical-align: bottom\">\n            <strong><br \/>\n              <u>Change in:<\/u><br \/>\n            <\/strong>\n          <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:136px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:12px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129.74px;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;vertical-align: bottom\"> Decrease (increase) in trade receivables and other assets <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:136px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1 640) <\/td>\n<td style=\"width:12px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129.74px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 318  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;vertical-align: bottom\"> (Decrease) increase in trade payables and other liabilities <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:136px;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1 284  <\/td>\n<td style=\"width:12px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129.74px;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (11 447) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;vertical-align: bottom\"> Change in working capital <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:136px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (356) <\/td>\n<td style=\"width:12px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129.74px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (11 129) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;vertical-align: bottom\"> Income tax paid <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:136px;text-align: right;vertical-align: middle;border-top: solid black 1pt;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u2014  <\/td>\n<td style=\"width:12px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129.74px;text-align: right;vertical-align: middle;border-top: solid black 1pt;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u2014  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;vertical-align: bottom\">\n            <strong>Net cash flows used in operating activities<\/strong>\n          <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:136px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\">\n            <strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (47 680)<\/strong>\n          <\/td>\n<td style=\"width:12px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129.74px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\">\n            <strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (96 371)<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;vertical-align: bottom\">\n            <strong><br \/>\n              <u>Cash flows from investment activities<\/u><br \/>\n            <\/strong>\n          <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:136px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:12px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129.74px;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;vertical-align: bottom\"> \u00a0&#8211; Acquisition of property, plant and equipment <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:136px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (2 030) <\/td>\n<td style=\"width:12px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129.74px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (900) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;vertical-align: bottom\"> \u00a0+ Proceeds from disposal of \/ reimbursement of property, plant and equipment <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:136px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2 517  <\/td>\n<td style=\"width:12px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129.74px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u2014  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;vertical-align: bottom\"> \u00a0&#8211; Acquisition of financial instruments <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:136px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (160) <\/td>\n<td style=\"width:12px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129.74px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (66) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;vertical-align: bottom\">\n            <strong>Net cash flows provided by (used in ) investment activities<\/strong>\n          <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:136px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\">\n            <strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 327 <\/strong>\n          <\/td>\n<td style=\"width:12px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129.74px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\">\n            <strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (966)<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;vertical-align: bottom\">\n            <strong><br \/>\n              <u>Cash flows from financing activities<\/u><br \/>\n            <\/strong>\n          <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:136px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:12px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129.74px;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;vertical-align: bottom\"> \u00a0+ Proceeds from issue of share capital (net) <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:136px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 126 486  <\/td>\n<td style=\"width:12px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129.74px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 7  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;vertical-align: bottom\"> \u00a0+ Proceeds from subscription \/ exercise of share warrants <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:136px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 43  <\/td>\n<td style=\"width:12px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129.74px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u2014  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;vertical-align: bottom\"> \u00a0&#8211; Repayments of loans and borrowings <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:136px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (6) <\/td>\n<td style=\"width:12px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129.74px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 207  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;vertical-align: bottom\"> \u00a0&#8211; Payments of lease debts <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:136px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1 877) <\/td>\n<td style=\"width:12px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129.74px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (2 150) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;vertical-align: bottom\"> \u00a0&#8211; Financial interests paid (including finance lease) <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:136px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (7 785) <\/td>\n<td style=\"width:12px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129.74px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (7 762) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;vertical-align: bottom\"> \u00a0+ Financial interests received <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:136px;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u2014  <\/td>\n<td style=\"width:12px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129.74px;text-align: right;vertical-align: middle;border-bottom: solid black 1pt;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1 442  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;vertical-align: bottom\">\n            <strong>Net cash flows provided by (used in ) financing activities<\/strong>\n          <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:136px;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 116 860 <\/strong>\n          <\/td>\n<td style=\"width:12px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129.74px;text-align: right;vertical-align: middle;vertical-align: bottom\">\n            <strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (8 256)<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;vertical-align: bottom\">\n            <strong>Increase (decrease) in cash and cash equivalents<\/strong>\n          <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:136px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\">\n            <strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 69 508 <\/strong>\n          <\/td>\n<td style=\"width:12px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129.74px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\">\n            <strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (105 593)<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;vertical-align: bottom\">\n            <strong><br \/>\n              <u>Cash and cash equivalents at the beginning of the period<\/u><br \/>\n            <\/strong>\n          <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:136px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 207 240  <\/td>\n<td style=\"width:12px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129.74px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 276 748  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;vertical-align: bottom\"> Effects of exchange rate changes on cash <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:136px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u2014  <\/td>\n<td style=\"width:12px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129.74px;text-align: right;vertical-align: middle;vertical-align: bottom\"> \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (126) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;vertical-align: bottom\">\n            <strong>Cash and cash equivalents at the end of the period<\/strong>\n          <\/td>\n<td style=\"width:9.74px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:136px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\">\n            <strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 276 748 <\/strong>\n          <\/td>\n<td style=\"width:12px;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"width:129.74px;text-align: right;vertical-align: middle;border-top: solid black 1pt;border-bottom: solid black 1pt;vertical-align: bottom\">\n            <strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 171 029 <\/strong>\n          <\/td>\n<\/tr>\n<\/table>\n<p>* Financial statements are not audited. The audit procedures by the Statutory Auditors are underway<\/p>\n<p align=\"justify\">\n        <strong>ABOUT GENFIT<\/strong>\n      <\/p>\n<p align=\"justify\">GENFIT is a late-stage biopharmaceutical company dedicated to improving the lives of patients with cholestatic and metabolic chronic liver diseases. GENFIT is a pioneer in the field of nuclear receptor-based drug discovery, with a rich history and strong scientific heritage spanning more than two decades. GENFIT is currently enrolling in ELATIVE\u2122, a Phase 3 clinical trial evaluating elafibranor in patients with Primary Biliary Cholangitis (PBC). Elafibranor is an investigational compound that has not been reviewed and has not received approval by any regulatory authority. As part of GENFIT\u2019s comprehensive approach to clinical management of patients with liver disease, the Company is also developing NIS4\u2122, a new, non-invasive blood-based diagnostic technology which could enable easier identification of patients with at-risk NASH.\u00a0 NIS4\u2122 technology has been licensed to LabCorp\u00ae in the U.S. and Canada for the development and commercialization of a blood-based molecular diagnostic test powered by NIS4\u2122 technology. GENFIT has facilities in Lille and Paris, France, and Cambridge, MA, USA. GENFIT is a publicly traded company listed on the Nasdaq Global Select Market and on compartment B of Euronext\u2019s regulated market in Paris (Nasdaq and Euronext: GNFT). <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Mk92wAr9aCSLyg5DctqkG7fdRZ909FKVUk04RsfmrGnYQppRT-FKlK6NsThzaJ9qKjL_1a9INSQcy-e8-6LbUA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.genfit.com<\/u><\/a><\/p>\n<p align=\"justify\">\n        <strong>FORWARD LOOKING STATEMENTS<\/strong>\n      <\/p>\n<p align=\"justify\">This press release contains certain forward-looking statements with respect to GENFIT, including those within the meaning of the Private Securities Litigation Reform Act of 1995, with respect to GENFIT, including statements regarding the Company\u2019s new strategy, its objectives, its capacity to achieve these objectives, size and access to the PBC market for elafibranor, expected results of the Phase 3 clinical trial ELATIVE\u2122 evaluating elafibranor in PBC and calendar of the trial completion and probability to replicate the Phase 2 clinical trial results in the same indication, success and imminence of a commercial launch by our partner Labcorp of a diagnostic test integrating the NIS4\u2122 technology in the diagnostic and clinical care fields, our capacity to roll-out our multi-year cost-saving plan, our capacity to drastically reduce operating expenses and provisional cash burn in the upcoming years. The use of certain words, including \u201cconsider\u201d, \u201ccontemplate\u201d, \u201cthink\u201d, \u201caim\u201d, \u201cexpect\u201d, \u201cunderstand\u201d, \u201cshould\u201d, \u201caspire\u201d, \u201cestimate\u201d, \u201cbelieve\u201d, \u201cwish\u201d, \u201cmay\u201d, \u201ccould\u201d, \u201callow\u201d, \u201cseek\u201d, \u201cencourage\u201d or \u201chave confidence\u201d or (as the case may be) the negative forms of such terms or any other variant of such terms or other terms similar to them in meaning is intended to identify forward-looking statements. Although the Company believes its projections are based on reasonable expectations and assumptions of the Company\u2019s management, these forward-looking statements are subject to numerous known and unknown risks and uncertainties, which could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking statements. These risks and uncertainties include, among other things, the uncertainties inherent in research and development, including in relation to safety, biomarkers, progression of, and results from, its ongoing and planned clinical trials, review and approvals by regulatory authorities of its drug and diagnostic candidates, exchange rate fluctuations and the Company\u2019s continued ability to raise capital to fund its development, as well as those risks and uncertainties discussed or identified in the Company\u2019s public filings with the AMF, including those listed in Chapter 2 \u201cMain Risks and Uncertainties\u201d of the Company\u2019s 2019 Universal Registration Document filed with the AMF on 27 May 2020 under n\u00b0 D.20-0503 and in Section 2 \u201cRisk Factors\u201d of the Company\u2019s Amendment to the Universal Registration Document filed with the AMF on 22 December 2020 under n\u00b0 D.20-0503-A01, which are available on the Company\u2019s website (www.genfit.com) and on the website of the AMF (www.amf-france.org) and public filings and reports filed with the U.S. Securities and Exchange Commission (\u201cSEC\u201d) including the Company\u2019s 2019 Annual Report on Form 20-F filed with the SEC on May 27, 2020. In addition, even if the Company\u2019s results, performance, financial condition and liquidity, and the development of the industry in which it operates are consistent with such forward-looking statements, they may not be predictive of results or developments in future periods.\u00a0 These forward-looking statements speak only as of the date of publication of this document. Other than as required by applicable law, the Company does not undertake any obligation to update or revise any forward-looking information or statements, whether as a result of new information, future events or otherwise.<\/p>\n<p align=\"justify\">\n        <strong>CONTACT<\/strong>\n      <\/p>\n<p align=\"justify\">\n        <strong>GENFIT<\/strong> | Investors<\/p>\n<p align=\"justify\">Investor Relations | Tel: +1 (617) 714 5252 | <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=gXaaivlfXluls4F5TcUFoy2OtvbMO-EpthhDrz-hSOAuZ8blhpY_fQbESVBo4q2ZddVHspvLjbMQx4RbwwRF4zOsg664Y-L-M9JzJjjb_LA=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>investors@genfit.com<\/u><\/a><\/p>\n<p align=\"justify\">\n        <strong>PRESS RELATIONS | <\/strong>Media<\/p>\n<p align=\"justify\">H\u00e9l\u00e8ne LAVIN\u2013 Press relations | Tel: +333 2016 4000 | <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=xnrRIGXX096EWS2WxJBZX6fX1yN6Bgjz1T7mGcyaF0vMc4DlO5QEPb_fM1e2-sqOQuyjzvc0Vclwg0ivaccobe5E6Uts3suEL6ndNTSP4zo=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>helene.lavin@genfit.com<\/u><\/a><\/p>\n<p align=\"justify\">\n        <strong>GENFIT<\/strong> | 885 Avenue Eug\u00e8ne Avin\u00e9e, 59120 Loos &#8211; FRANCE | +333 2016 4000 | www.genfit.com\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0  <\/p>\n<hr \/>\n<p>\n        <br \/>\n        <sup>1<\/sup> Excluding costs related to the operation<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p id=\"gnw_attachments_section-header\">\n        <strong>Attachment<\/strong>\n      <\/p>\n<ul id=\"gnw_attachments_section-items\">\n<li>\n          <a target=\"_blank\" href=\"https:\/\/ml-eu.globenewswire.com\/Resource\/Download\/0c1dabf9-f495-40e9-81e2-c59b7ada33d5\" rel=\"noopener noreferrer\">GENFIT Reports Full-Year 2020 Financial Results and Provides Corporate Update<\/a>\n        <\/li>\n<\/ul>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=MTAwMDQ3NjI1MiM0MDA5MDUzNzQjMTAxMTI2OA==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml-eu.globenewswire.com\/release\/track\/af90fbf5-cc45-430c-9699-51bbe2f28087\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>GENFIT Reports Full-Year 2020 Financial Results and Provides Corporate Update Cash position of \u20ac171 million as of December 31, 2020, excluding the \u20ac47.5 million partial buyback of the OCEANEs completed in January 2021, that cancelled \u20ac85.7 million nominal amount of convertible debt Additional \u20ac30.6 million nominal amount of convertible debt cancelled following conversion by bondholders, bringing outstanding nominal debt down to \u20ac63.6 million as of March 12, 2021 (i.e. &lt;1\/3 of initial debt value) 3 of the 4 corporate objectives announced in the Fall 2020 already successfully achieved (refocus on PBC and NIS4\u2122, cash burn reduction, debt restructuring) &#8211; Next update on corporate strategy to take place in June 2021. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Lille (France), Cambridge (Massachusetts, United States), April 1, 2021 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/genfit-reports-full-year-2020-financial-results-and-provides-corporate-update\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;GENFIT Reports Full-Year 2020 Financial Results and Provides Corporate Update&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-470112","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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