Brief: ABC Arbitrage FY Net Income IFRS Down At Eur 18.3 Million
24/03/2020 07:00
March 24 (Reuters) -
* FY NET REVENUE IFRS EUR 37.2 MILLION VERSUS EUR 40.1 MILLION YEAR AGO
* CONFIRMS INTERIM DIVIDEND OF EUR 0.10 PER SHARE WILL BE PAID ON APRIL 23,
2020
WITH PAYMENT ON APRIL 27, 2020
* FY NET INCOME IFRS EUR 18.3 MILLION VERSUS EUR 19.7 MILLION YEAR AGO
* DECIDED TO FOCUS ON HANDLING CURRENT HEALTH CRISIS AND WILL PRESENT ITS
STRATEGIC PLAN "ABC 2022" ON TUESDAY 24 MARCH
* IN CURRENT STATE OF MARGIN CALLS DEPOSITED AS A GUARANTEE OF ACTIVITY,
GROUP IS
NOT FACING ANY COLLATERAL PROBLEMS DESPITE SIGNIFICANT INCREASE IN ACTIVITY
* COMPARED TO THE CRISIS OF 2008, THE SHARP FALL IN FINANCIAL MARKETS COULD
LEAD
TO MASSIVE OUTFLOWS THAT WOULD IMPACT GROUP'S TURNOVER BUT IN MINOR WAY
* GROUP'S PACE OF ACTIVITY IS IN LINE WITH H1 2019 WITH SIGNIFICANT GROWTH
IN
EARNINGS POTENTIAL SINCE BEGINNING OF MARCH
* GROUP'S MAJOR RISKS RELATED TO HEALTH CRISIS ARE: UNCOORDINATED DECISION
TO
CLOSE STOCK EXCHANGES; BAN ON SHORT SALES THAT WOULD LIMIT ABILITY OF LIQUIDITY
PROVIDERS, CORE BUSINESS OF GROUP, TO INTERVENE
* OTHER RISKS: SHARP RISE IN FAILURE RATES AND/OR FALL IN BID PRICES ON
ONGOING
M&A TRANSACTIONS
Source text for Eikon: ID:nGNE6bhbJw
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