Brief: Akwel FY Consolidated Revenue Up 3.7% At 1.10 Billion Euros

Akwel SA

14/02/2020 06:13

Feb 14 (Reuters) - AKWEL SA  AKW.PA :
    * CONFIRMATION OF TARGET TO INCREASE OPERATING PROFITABILITY
IN
2019
    * ADJUSTMENT OF 2020 SALES GROWTH TARGET TO +5%
    * CONSOLIDATED SALES OVER FULL YEAR 2019 GREW BY +3.7%
    * GENERATED POSITIVE FREE CASH FLOW OF EUR 24.2 MLN OVER
FINANCIAL
YEAR
    * SIGNIFICANTLY REDUCED ITS NET FINANCIAL DEBT TO EUR 24.6
MLN AT
END OF DECEMBER 2019
    * FORECASTS A FURTHER INCREASE IN CONSOLIDATED REVENUE FOR
2020
AND IS ADJUSTING ITS SALES FORECAST FOR 2020 AND ANTICIPATES
GROWTH OF AROUND +5%
    * FY REVENUE EUR 1.10 BILLION VERSUS EUR 1.06 BILLION YEAR
AGO

Source text for Eikon:  ID:nGNX569bmN 
Further company coverage:  AKW.PA 

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