Brief: Cogra 48 FY Net Profit Up At 1.35 Million Euros

Cogra Quarante Huit SA

07/09/2020 07:33

Sept 7 (Reuters) - COGRA QUARANTE HUIT SA  ALCOG.PA :
    * FY NET PROFIT AMOUNTED TO €1.35M COMPARED WITH €0.9
MILLION YEAR
AGO 
    * ANNUAL RESULTS 2019/2020
    * FY RECORDED EBITDA OF €3.2M (12.8% OF SALES), UP 33% ON
THE
PREVIOUS YEAR
    * INCREASE IN FINANCIAL DEBT IN THE SECOND HALF OF THE YEAR
(€9.3M
AT END-JUNE COMPARED WITH €4.8M A YEAR EARLIER), TO FINANCE THE
NEW PLANT
    * CONFIRMS CAP 2022 OBJECTIVES: TO BE A BENCHMARK PLAYER
WITH A
PRODUCTION CAPACITY OF 200,000 TONNES
    * INCREASE IN CASH AND CASH EQUIVALENTS (€6.1M VERSUS €3.4M
AT
30/06/19)
    * CONFIRMS CAP 2022 OBJECTIVES: EBITDA MARGIN OF OVER 10%
    * BUSINESS FOR THE YEAR WAS SLOWED DOWN IN THE FOURTH
QUARTER BY
THE EFFECTS OF THE HEALTH CRISIS DUE TO THE CLOSURE OF CERTAIN
POINTS OF SALE AND THE SLOWDOWN IN TRANSPORT FLOWS

Source text for Eikon:  ID:nEQ2TtWZYa 
Further company coverage:  ALCOG.PA 

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