Brief: Cembra Money Bank FY Net Income Of CHF 159.2 Million, Up 3%

Cembra Money Bank AG

21/02/2020 06:04

Feb 21 (Reuters) - Cembra Money Bank AG  CMBN.S :
    * DIVIDEND OF CHF 3.75 PER SHARE FOR 2019 PROPOSED, EPS
GUIDANCE
2020 CHF 5.75-6.05
    * FY NET INCOME OF CHF 159.2 MILLION (+3%)
    * FY NET REVENUES ROSE BY 9% TO CHF 479.7 MILLION (+4%
EXCLUDING
CASHGATE).
    * IN 2020, CEMBRA EXPECTS TO CONTINUE TO DELIVER PROFITABLE
GROWTH
ACROSS ALL BUSINESS LINES.
    * EXPECTS EARNINGS PER SHARE FOR 2020 FINANCIAL YEAR TO
INCREASE
TO BETWEEN CHF 5.75 AND CHF 6.05.
    * FROM 2021 ON, CEMBRA CONTINUES TO EXPECT GROWTH IN PROFITS
TO
PICK UP PACE, WITH NET ANNUAL INCREMENTAL NET INCOME FROM
ACQUISITION BY CHF 25-30 MILLION

Source text for Eikon:  ID:nTEN7shq3a 
Further company coverage:  CMBN.S 

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