Brief: Amsterdam Commodities FY EBITDA Up At 55.6 Million Euros

Acomo NV

13/02/2020 17:18

Feb 13 (Reuters) - AMSTERDAM COMMODITIES NV  ARBN.AS :
    * ACOMO’S OPERATING PROFIT INCREASES BY 10% IN 2019
    * FY REVENUE EUR 701.4 MILLION VERSUS EUR 700.2 MILLION YEAR
AGO
    * FY NET PROFIT: €32.1 MILLION (2018: €31.1 MILLION, +3%)
    * BOARD OF DIRECTORS PROPOSES A DIVIDEND OF €1.10 PER SHARE
(2018:
€1.00, +10.0%)
    * FY EBITDA: €55.6 MILLION (2018: €50.4 MILLION, +10%)
    * TAKING INTO ACCOUNT THE INTERIM DIVIDEND OF €0.40 PER
SHARE PAID
IN AUGUST 2019, FINAL 2019 DIVIDEND THEREFORE AMOUNTS TO €0.70
PER SHARE, PAYABLE IN CASH
    * IT IS TOO EARLY TO ASSESS THE IMPACT THE NEW CORONAVIRUS
OUTBREAK IN THE FAR EAST WILL HAVE ON THE TRADING ACTIVITIES IN
2020
    * OUTLOOK 2020: IT IS IMPOSSIBLE TO FORECAST MARKET
DEVELOPMENTS
OR LIKELY GROUP RESULTS
    * OUTLOOK 2020: HOWEVER, IS CONFIDENT THAT TEAMS WILL
CONTINUE TO
GENERATE GOOD RESULTS FOR SHAREHOLDERS
    * TOTAL ASSETS AS AT 31 DEC 2019 AMOUNTED TO €358.6 MILLION
(YEAR-END 2018: €357.2 MILLION, +0.4%)
    * 2020 ACTIVITY HAS STARTED GENERALLY IN LINE WITH THE
SECOND HALF
OF 2019.
    * GROUP FINANCING WAS EXTENDED FOR ONE YEAR AT EXISTING
TERMS AND
CONDITIONS UNTIL EARLY 2021

Source text for Eikon:  ID:nNDLbjnCKc 
Further company coverage:  ARBN.AS 

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