Brief: Akwel Suspends 5% Growth Target For 2020

Akwel SA

09/04/2020 06:10

April 9 (Reuters) - Akwel SA  AKW.PA :
    * AKWEL: CURRENT OPERATING PROFIT UP 19% TO €92.2M
    * FY NET PROFIT GROUP SHARE EUR 62.7 MILLION VERSUS EUR 61.1
MILLION YEAR AGO
    * 2019 FREE CASH FLOW WAS POSITIVE AND REACHED EUR 28.1M
    * FY EBITDA EUR 130.3 MILLION VERSUS EUR 124.6 MILLION YEAR
AGO
    * 2019 NET FINANCIAL DEBT OF EUR 34.7M (INCLUDING EUR 10.6M
RELATED TO IFRS 16) AND CONSOLIDATED SHAREHOLDERS' EQUITY OF EUR
507.6M
    * POSTED AN ANNUAL TURNOVER OF EUR 1,101.2 MILLION IN 2019
    * GROUP IS SUSPENDING  5% GROWTH TARGET FOR 2020 AND
DIVIDEND
PROPOSED FOR 2019 FY WILL BE EUR 0.195, A 35% REDUCTION
    * ON CORONAVIRUS: AKWEL BENEFITS FROM A NUMBER OF STRUCTURAL
ASSETS

Source text for Eikon:  ID:nGNX2yyjST 
Further company coverage:  AKW.PA 

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