Brief: Jacques Bogart FY Net Income Down At EUR 10.1 Million

Bogart SA

27/04/2020 07:18

April 27 (Reuters) - JACQUES BOGART SA  JBOG.PA :
    * 2019 RESULTS PUT BOGART GROUP'S TURNOVER AT EUR 303.3M,
1.8
TIMES HIGHER THAN 2018 REPORTED TURNOVER
    * FREE CASH FLOWS OF EUR 25M
    * CASH AND CASH EQUIVALENTS TOTALLED EUR 57.7M AT 31
DECEMBER
2019, COMPARED TO EUR 58.6M AT 31 DECEMBER 2018
    * FY NET INCOME GROUP SHARE EUR 10.1 MILLION VERSUS EUR 13.7
MILLION YEAR AGO
    * HAS DECIDED TO MAINTAIN ITS 2020 TIMETABLE OF PRODUCT
LAUNCHES
TO ENABLE ITS BRANDS TO STEP UP THEIR EXPOSURE AND GAIN MARKET
SHARE
    * GROUP'S NETWORK OF 32 STORES IN FRANCE IS EXPECTED TO
REOPEN
PROGRESSIVELY FROM MONDAY, 11 MAY 2020
    * TURNOVER FOR Q1 OF 2020, DUE TO BE PUBLISHED ON 30 MAY,
WILL BE
ADVERSELY AFFECTED BY THESE CLOSURES
    * FREE CASH FLOW ROSE SHARPLY FROM EUR 14.1 MILLION IN 2018
TO EUR
25.1 MILLION IN 2019
    * AGAINST THIS UNCERTAIN BACKDROP, COMPANY WILL PAY
PARTICULAR
ATTENTION TO MAINTAINING PROFITABILITY AND MANAGING CASH FLOW
    * FROM MONDAY 20 APRIL 2020, GROUP REOPENED ITS NETWORK OF
95
STORES IN GERMANY
    * 212 STORES IN BELGIUM AND LUXEMBOURG ARE DUE TO REOPEN ON
MONDAY
4 MAY 2020
    * THESE RESULTS ARE PROVISIONAL, ANNUAL FINANCIAL REPORT,
INITIALLY SCHEDULED FOR 30 APRIL 2020, WILL BE POSTPONED TO 31
MAY 2020 AT EARLIEST
    * COMPANY WILL SHORTLY BE INFORMING MARKET OF DATE OF ITS
GENERAL
MEETING IT IS POSSIBLE THAT THIS MEETING WILL BE HELD AFTER JUNE
30 JUNE

Source text for Eikon:  ID:nACT63120 
Further company coverage:  JBOG.PA 

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