Brief: Cellularline FY Adj. Net Profit Down At EUR 23 Mln, To Propose Dividend Of EUR 0.30/SHR

Cellularline SpA

14/03/2019 07:08

March 14 (Reuters) - Cellularline  CELL.MI :
    * REPORTED ON WEDNESDAY FY SALES REVENUE OF 129.7 MILLION
EUROS
VERSUS RESTATED 139.5 MILLION EUROS A YEAR AGO
    * FY ADJUSTED NET PROFIT WAS EUR 23 MILLION VERSUS EUR 24
MILLION
A YEAR AGO
    * FY CONSOLIDATED NET RESULT, INCLUDING ALL THE
NON-RECURRING
EFFECTS, WAS EUR 17 MILLION VERSUS EUR 24 MILLION A YEAR AGO
    * FY NET PROFIT OF THE PARENT COMPANY AT EUR 8 MILLION
    * THE NET PROFIT FOR THE YEAR OF THE PARENT COMPANY
CELLULARLINE
S.P.A. IS EQUAL TO EURO 8 MILLION
    * TO PROPOSE FY DIVIDEND OF EUR 0.30 PER SHARE
    * SAID C. EUR 11 MILLION DECREASE IN SALES DUE TO DROP IN
RUSSIAN,
MIDDLE EASTERN AND ITALIAN MARKETS (LATTER ACCOUNTS FOR MORE 80%
OF TOTAL DECLINE)
    * DECREASE IN SALES MAINLY ATTRIBUTABLE TO NON-RECURRING
FACTORS
RELATED TO DE-STOCKING AND NETWORK REORGANIZATION OF SOME
CUSTOMERS ON ITALIAN MARKET
    * CLOSING OF THE M&A TRANSACTION WITH SYSTEMAITALIA
CONFIRMED FOR
APRIL 2019
    * THE PREPARATORY ACTIVITIES FOR LISTING IN THE STAR SEGMENT
OF
THE ITALIAN BOURSE'S MTA CONTINUE

    
 Source text for Eikon:  CELL.MI 
    
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