Brief: Balta Group Q4 Adjusted EBITDA Rises To 21.1 Million Euros

Belysse NV

05/03/2019 06:22

March 5 (Reuters) - BALTA GROUP NV  BALTA.BR :
    * Q4 CONSOLIDATED: REVENUE €173.3M +2.3%, ADJUSTED EBITDA €21.1M +11.6%
    * BOARD DOES NOT PROPOSE TO PAY A DIVIDEND FOR THE YEAR
    * WE ANTICIPATE IN 2019 ADJUSTED EBITDA BROADLY FLAT VERSUS 2018
    * 2019 WILL BE MARKED BY CONTINUED INDUSTRY-WIDE RAW MATERIAL AND OTHER COST INFLATION
    * 2019 WILL BE MARKED BY OUR GROWTH INVESTMENTS IN SALESFORCE AND RELATED INFRASTRUCTURE
    * ON 2019: WE EXPECT IMPACT ON OUR FY EARNINGS TO BE OFFSET BY PRICE ACTIONS WE HAVE TAKEN
TOGETHER WITH FIRST BENEFITS FROM OUR GROWTH AND COST SAVING INITIATIVES
    * Q4 LEVERAGE OF 3.6X (WITH NET DEBT OF €261.8M) COMPARED TO 3.9X AS AT Q3 2018
    * PRICE ACTIONS AND  GROWTH AND COST SAVING INITIATIVES WILL HAVE A MORE SIGNIFICANT IMPACT
AS
FROM 2020
    * EXPECTS TO RECOGNIZE RIGHT-OF-USE ASSETS AND LEASE LIABILITIES OF APPROXIMATELY €45M ON 1
JANUARY 2019
    * FY OPERATING PROFIT EUR 32.2 MILLION VERSUS EUR 37.6 MILLION YEAR AGO
    * IMPACT OF IFRS 16 IN 2019: ADJUSTED EBITDA, USED TO MEASURE SEGMENT RESULTS IS EXPECTED TO
INCREASE BETWEEN APPROXIMATELY €6M AND €8M


Further company coverage:  BALTA.BR 

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