Brief: Balta Group FY Consolidated Profit For The Period at 3.0 Million Euros

Belysse NV

01/03/2018 07:09

March 1 (Reuters) - BALTA GROUP NV  BALTA.BR :
    * FY CONS. REVENUE EUR 661.3 MILLION VERSUS EUR 557.7
MILLION YEAR
AGO
    * FY CONS. ADJUSTED EBITDA EUR 84.4 MILLION VERSUS EUR 81.4
MILLION YEAR AGO
    * AS DISCLOSED AT THE IPO, THE COMPANY INTENDS TO PAY A
DIVIDEND
OF BETWEEN 30 PERCENT AND 40 PERCENT OF NET PROFIT‍​
    * PROPOSED DIVIDEND OF €0.08 PER SHARE
    * FY CONS. PROFIT FOR THE PERIOD EUR 3.0 MILLION VERSUS EUR
25.3
MILLION YEAR AGO
    * NET DEBT AT THE END OF DECEMBER 2017 IS EQUAL TO €253.5M
    * EXPECT TRENDS OF SECOND HALF OF 2017 TO CONTINUE IN FIRST
HALF
OF 2018
    * EXPECTS 2018 EBITDA TO BE BETWEEN EUR 82 MILLION AND EUR
87
MLN‍​
    * EXPECT RUGS DIVISION TO HAVE MID-TEENS REVENUE DECLINE IN
H1 OF
2018; FOLLOWED BY RETURN TO GROWTH IN H2
    * WE ARE CONFIDENT THAT MEASURES AND ACTIONS WE ARE TAKING
WILL
DELIVER SIGNIFICANTLY STRONGER SECOND HALF RUN RATE

Source text : http://bit.ly/2GSnyAK
Further company coverage:  BALTA.BR 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 59 772 0920;))