Brief: Colas End-Sept Current Operating Income Up At EUR 233 Mln

COLAS SA

16/11/2021 07:12

Nov 16 (Reuters) - Colas  COLP.PA :
    * REVENUE: €9.8 BILLION AS OF SEPTEMBER 30, 2021, UP 8% AT
CONSTANT SCOPE AND EXCHANGE RATES COMPARED TO END-SEPTEMBER 2020
    * OUTLOOK CONFIRMED AS FORECAST
    * END-SEPT ORDER BACKLOG: VERY HIGH LEVEL AT €9.6 BILLION,
UP 4%
YEAR-ON-YEAR AT CONSTANT EXCHANGE RATES
    * END-SEPT NET PROFIT ATTRIBUTABLE TO THE GROUP: €127
MILLION
(+€107 MILLION VERSUS END-SEPTEMBER 2020)
    * END-SEPT FREE CASH FLOW: IMPROVES BY €71 MILLION VERSUS
END-SEPTEMBER 2020 AND €12 MILLION VERSUS END-SEPTEMBER 2019
    * NET DEBT IS DOWN SHARPLY AT €443 MILLION, I.E., +€395
MILLION
VERSUS END-SEPTEMBER 2020
    * END-SEPT CURRENT OPERATING INCOME: UP €109 MILLION VERSUS
END-SEPTEMBER 2020 AND €10 MILLION VERSUS END-SEPTEMBER 2019
    * THE CURRENT OPERATING PROFIT MARGIN FOR 2021 IS EXPECTED
TO RISE
COMPARED TO 2019 (3.2% OF CONSOLIDATED REVENUE), AND A TARGET OF
4% HAS BEEN SET FOR 2023
    * THE OUTLOOK IS UNDERSTOOD TO EXCLUDE ANY FURTHER
DETERIORATION
IN THE COVID-19 HEALTH CRISIS
    * CURRENT OPERATING INCOME AT SEPTEMBER 30, 2021 AMOUNTED TO
€233
MILLION, AN INCREASE OF €109 MILLION COMPARED TO SEPTEMBER 30,
2020


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