Brief: ABC Arbitrage FY Net Income Down At 18.3‍​ Million Euros

ABC Arbitrage SA

27/03/2018 07:04

March 27 (Reuters) - Abc Arbitrage Sa  BITI.PA :
    * FY NET INCOME EUR 18.3‍​ MILLION VERSUS EUR 30.5 MILLION
YEAR
AGO
    * FY NET SALES EUR 38.5‍​ MILLION VERSUS EUR 53.3 MILLION
YEAR AGO
    * OVER 2017, INTRADAY VOLATILITY AVERAGED UNDER 5 PERCENT
WITH
RECORD NUMBER OF DAYS UNDER 4 PERCENT
    * GROSS RETURN OF 24% ON CAPITAL EMPLOYED IS BELOW CO'S 2017
EXPECTATIONS AND OBJECTIVES
    * TO PROPOSE DIVIDEND OF EUR 0.20 PER SHARE
    * PROPOSED DIVIDEND IS IN ADDITION TO EUR 0.20 DISTRIBUTION
PAID
IN NOV. 2017
    * AS OF TODAY, NOT EQUIPPED TO ACHIEVE AMBITIONS IN WEAK
VOLATILITY ENVIRONMENTS SUCH AS 2017
    * PHASE-OUT OF "QUANTITATIVE EASING" AND PROGRAMMED RATE
HIKES IN
2018 SHOULD PROVIDE FAVORABLE MARKET ENVIRONMENT FOR CO'S
BUSINESSES
    * STANDS BY "STEP UP 2019" PLAN AND ASSOCIATED INVESTMENTS

Source text for Eikon:  urn:newsml:reuters.com:*:nNDLbqhWh
Further company coverage:  BITI.PA 

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