Brief: Cenergy Holdings FY Consolidated Profit Before Tax Up At EUR 35.4 Mln

Cenergy Holdings

17/03/2021 17:42

March 17 (Reuters) - CENERGY HOLDINGS SA  CENER.BR :
    * FINANCIAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2020
    * STEADY ORDER BACKLOG AT EUR 500 MILLION AS OF 31 DECEMBER
2020
    * END-FY NET DEBT DOWN BY EUR 83 MILLION TO RECORD-LOW
LEVELS OF
EUR 331 MILLION
    * FY RECORD HIGH OPERATIONAL PROFITABILITY, AS ADJUSTED
EBITDA
EXCEEDED EUR 100 MILLION (13% GROWTH Y-O-Y)
    * FY CONSOLIDATED PROFIT BEFORE TAX OF EUR 35.4 MILLION
VERSUS EUR
28.5 IN 2019 (24% GROWTH Y-O-Y)
    * FREE CASH FLOW FOR 2020 REACHED EUR 89 MILLION
    * FY REVENUE EUR 908.4 MILLION VERSUS EUR 958.0 MILLION YEAR
AGO
    * RANGE OF POTENTIAL OUTCOMES FOR THE GLOBAL ECONOMY ARE
DIFFICULT
TO PREDICT AND THE OUTLOOK FOR 2021
    * EXPECTS TO MAINTAIN THE POSITIVE MOMENTUM GAINED DURING
THE LAST
TWO YEARS

Source text for Eikon:  ID:nNDL7rwCKV 
Further company coverage:  CENER.BR 

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