Brief: Abeo FY Recurring EBITDA Up At EUR 22.2 Mln

Abeo SA

08/06/2022 17:07

June 8 (Reuters) - Abeo SA  ABEO.PA :
    * STRONG INCREASE IN FY RECURRING EBITDA OF 38% WITH RECORD
MARGIN
OF 12.8%
    * FY POSITIVE FREE CASH-FLOWS OF EUR20.4M
    * CONFIDENCE IN OUTLOOK WITH DOUBLE-DIGIT ORGANIC GROWTH
FORECAST
FOR 2022/23
    * PROPOSED DIVIDEND PAYMENT OF EUR0.40 PER SHARE FOR 2021/22
FINANCIAL YEAR
    * FY RECURRING EBITDA EUR 22.2 MILLION VERSUS EUR 19.1
MILLION
YEAR AGO
    * GROUP PROACTIVELY PURSUING  NEW TARGETED ACQUISITIONS TO
CONSOLIDATE MATURE MARKETS, EXPAND BRAND PORTFOLIO, PENETRATE
NEW SEGMENTS
    * FY NET PROFIT GROUP SHARE EUR 0.7 MILLION VERSUS LOSS OF
EUR 0.6
MILLION YEAR AGO
    * GENERATING FREE CASH-FLOWS REMAINS A PRIORITY, GROUP TO
FOCUS ON
TIGHT CONTROL OF WORKING CAPITAL, COSTS, CAPITAL EXPENDITURE
    * FY REVENUE UP 18% (16.5% ORGANIC GROWTH) TO EUR205.3M
    * CONFIDENT TO CONTINUE TO DEVELOP ITS BUSINESS AT SUSTAINED
PACE
IN 2022/23
    * GROUP IS AIMING FOR FURTHER YEAR OF DOUBLE-DIGIT ORGANIC
GROWTH
    * GROUP TO FOCUS ON ACHIEVING SOLID OPERATING PERFORMANCE
AGAINST
BACKDROP OF GROWTH

Source text for Eikon:  ID:nACT74917 
Further company coverage:  ABEO.PA 

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