Brief: Akwel FY Operating Income Up By 20.3% To EUR 107.0 Million

Akwel SA

08/04/2021 17:18

April 8 (Reuters) - Akwel SA  AKW.PA :
    * A STRONG IMPROVEMENT IN PROFITABILITY IN 2020
    * 2020 OPERATING INCOME UP BY 20.3% TO EUR 107.0M
    * END-FY FREE CASH-FLOW OF EUR 128.2M
    * 2020 CURRENT OPERATING MARGIN UP 3.7 PTS TO 12.1%
    * FY REVENUE EUR 937.2 MILLION VERSUS EUR 1.10 BILLION YEAR
AGO
    * FY NET RESULT GROUP SHARE EUR 85.5 MILLION VERSUS EUR 62.7
MILLION YEAR AGO
    * PAYMENT OF A DIVIDEND OF EUR 0.45 PER SHARE WILL BE
PROPOSED FOR
2020 FINANCIAL YEAR
    * FORECASTING INCREASE IN ACTIVITY OVER FINANCIAL YEAR
UNDERWAY
BUT AT THIS STAGE IS NOT ANTICIPATING LEVEL OF PROFITABILITY AND
CASH GENERATION COMPARABLE TO THAT SEEN DURING 2020 

Source text for Eikon:  ID:nGNE8lW8C9 
Further company coverage:  AKW.PA 

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