Brief: Balta Group FY Adjusted EBITDA Up At 74.4 Million Euros

Belysse NV

06/03/2020 06:14

March 6 (Reuters) - BALTA GROUP NV  BALTA.BR :
    * OUR CONSOLIDATED REVENUE FOR THE FULL YEAR IS €671.2M
(+3.9%,
INCLUDING FX +1.3%)
    * THE BOARD WILL PROPOSE TO THE AGM NOT TO PAY A DIVIDEND
FOR THE
YEAR
    * EARNINGS PER SHARE ARE EQUAL TO €0.29 IN 2019 COMPARED TO
€0.20
IN 2018
    * FY ADJUSTED EBITDA EUR 74.4 MILLION VERSUS EUR 72.4
MILLION YEAR
AGO
    * FY NET DEBT SLIGHTLY UP VERSUS 2018 ON A LIKE-FOR-LIKE
BASIS
(REPORTED NET DEBT Q4 2019 OF €313.7M INCLUDES €44.7M IFRS16
IMPACT)
    * THE RAMP UP OF THE US E-COMMERCE BUSINESS REQUIRED HIGHER
COSTS
AND HAS BEEN SLOWER THAN PLANNED - CEO
    * RAMP UP OF US E-COMMERCE ADDING TO SOME OPERATIONAL
CHALLENGES
WHICH IMPACTED OUR RESULTS THROUGHOUT THE YEAR -CEO 

Source text for Eikon:  ID:nNDLbXdQNw 
Further company coverage:  BALTA.BR 

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