Brief: Akwel FY EBITDA Up At 130.3 Million Euros

Akwel SA

08/04/2020 17:44

April 8 (Reuters) - AKWEL SA  AKW.PA :
    * FY REVENUE 1.101 BLN EUR
    * GROUP IS SUSPENDING ITS 5% GROWTH TARGET FOR 2020
    * DIVIDEND FOR 2019 FINANCIAL YEAR WILL BE EUR 0.195, 35%
REDUCTION COMPARED TO PREVIOUS FINANCIAL YEAR
    * FY EBITDA EUR 130.3 MLN VS EUR 124.6 MLN YEAR AGO
    * 2019 FREE CASH FLOW WAS POSITIVE AND REACHED EUR 28.1M
    * CRISIS CAUSED BY COVID-19 HAS LED TO SIGNIFICANT
REDUCTIONS AND
TOTAL SUSPENSIONS OF ACTIVITY ACROSS ALL GROUP SITES 
    * NET FINANCIAL DEBT OF EUR 34.7M AT END OF 2019
    * VARIOUS GOVERNMENT SUPPORT MEASURES ARE BEING USED WHERE
APPROPRIATE 

    
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