Brief: ARTEA FY Operating Profit Up 8%, Postpones Dividend Payment

Artea SA

30/04/2020 18:35

April 30 (Reuters) - ARTEA SA  ARTE.PA :
    * 2019 RESULTS
    * TOTAL TURNOVER AMOUNTED TO € 25.4 MILLION COMPARED TO €
73.1
MILLION IN 2018
    * FY OPERATING PROFIT OF € 22.3 MILLION, UP 8%
    * FY NET INCOME GROUP SHARE EUR 10.8 MILLION VERSUS EUR 10.1
MILLION YEAR AGO
    * OUTLOOK FOR 2020 IMPACTED BY THE COVID-19 CRISIS
    * POSTPONES DISTRIBUTION OF DIVIDEND, WHICH WILL BE
IMPLEMENTED
FROM 2021 ON THE BASIS OF THE 2020 ACCOUNTS
    * STRONG GROWTH EXPECTED FOR THE FOLLOWING YEARS
    * PART OF THE TEAMS WERE PLACED ON SHORT-TIME WORKING TO
COPE WITH
THE SHUTDOWN OF SOME ACTIVITIES
    * 2019 COST OF FINANCIAL DEBT INCREASED TO € 4.7 MILLION
COMPARED
TO € 3.8 MILLION IN 2018
    * IN 2019 GROUP HAS CLOSING CASH FLOW OF MORE THAN € 17
MILLION
VERSUS END 2018
    * 2019 GROUP'S DEBT RATIO IS STABLE AT 54% WITH NET DEBT OF
€ 134
MILLION AND SHAREHOLDERS' EQUITY OF € 98 MILLION, UP 21%

Source text for Eikon:  ID:nGNEFgCxW 
Further company coverage:  ARTE.PA 

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