Brief: Brunel International Q4 EBIT up At 15.7 Million Euros

Brunel International NV

18/02/2022 06:51

Feb 18 (Reuters) - Brunel International Nv  BRUN.AS :
    * Q4 REVENUE ROSE 17 PERCENT TO 245.4 MILLION EUR
    * Q4 REVENUE EUR 245.4 MILLION VERSUS EUR 209.3 MILLION YEAR
AGO
    * Q4 EBIT EUR 15.7 MILLION VERSUS EUR 9.8 MILLION YEAR AGO
    * OUTLOOK Q1 2022: WE EXPECT REVENUE GROWTH TO CONTINUE, AND
Q1
2022 REVENUE (INCLUDING TAYLOR HOPKINSON) WILL BE SLIGHTLY
HIGHER THAN IN Q4 2021
    * WE PROPOSE A CASH DIVIDEND OF EUR 0.45 PER SHARE OVER 2021
FINANCIAL YEAR, WHICH REPRESENTS A PAY-OUT RATIO OF 74%.
    * CASH BALANCE AT 31 DECEMBER IS EUR 112.0 MILLION (EUR
155.0 PER
31 DECEMBER 2020), OF WHICH EUR 18.2 MILLION IS RESTRICTED (EUR
15.1 PER 31 DECEMBER 2020)
    * GROSS MARGIN UP 1.1 PERCENTAGE POINT TO 24.2%
    * REVENUE UP 1% TO EUR 899.7 MILLION WITH 13% GROWTH IN H2
2021
    * GROSS MARGIN UP FROM 21.4% TO 23.4% DUE TO IMPROVED
PRICING
THROUGH SPECIALIZATION, HIGHER PRODUCTIVITY AND IMPROVED MIX
EFFECTS
    * STRONG CASH POSITION MAINTAINED AT EUR 112 MILLION DESPITE
CASH
OUTFLOW FOR ACQUISITION OF TAYLOR HOPKINSON
    * IN LINE WITH NORMAL SEASONALITY, GROSS MARGINS WILL BE
SLIGHTLY
LOWER IN Q1 2022 COMPARED TO Q4 2021
    * OUTLOOK Q1 2022: OPERATING COSTS WILL INCREASE DUE TO
FURTHER
INVESTMENTS TO SUPPORT CONTINUED GROWTH
    * IN LINE WITH OUR FIVE YEAR PLAN, WE EXPECT TO CONTINUE TO
GROW
OUR REVENUE, GROSS MARGIN AND EBIT AS WE WILL CONNECT MORE AND
MORE SPECIALISTS TO PIONEERING PROJECTS - CEO


Further company coverage:  BRUN.AS 

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