Brief: Brunel International Put And Call Option On Shares In Taylor Hopkinson Now Settled In Q1 2024

Brunel International NV

23/02/2024 06:49

Feb 23 (Reuters) - Brunel International NV  BRUN.AS :
    * Q4 REVENUE OF EUR 344 MILLION, UP 9% (14% ORGANICALLY)
    * FY NET CASH POSITION AT EUR 31.8 MILLION
    * PROPOSED DIVIDEND OF EUR 0.55 (PAY-OUT: 87%)
    * FY EARNINGS PER SHARE OF EUR 0.63, UP 9% YEAR-ON-YEAR
    * OUTLOOK Q1: WE STARTED YEAR WITH HIGH SINGLE DIGIT REVENUE
GROWTH AND EXPECT CURRENT TREND TO CONTINUE
    * DECREASE IN Q4 EBIT COMPARED TO Q4 2022 IS RESULT OF ONE
LESS
WORKING DAY
    * START IN 2024 SHOWS A CONTINUATION OF TREND OF Q4 2023
    * OUTLOOK Q1 2024: WE START TO SEE FIRST BENEFITS OF OUR
COST
SAVING INITIATIVES
    * WE HAVE AGREED TO AN EARLIER EXERCISE OF PUT AND CALL
OPTION ON
SHARES IN TAYLOR HOPKINSON (20%) THAT TOM HOPKINSON STILL OWNS
    * THIS WILL BE SETTLED IN Q1 2024, IN STEAD OF Q1 2025 AS
WAS
INITIALLY AGREED

Source text for Eikon:  ID:nGNE7jFVnT 
Further company coverage:  BRUN.AS 

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