Brief: Colas FY Current Operating Profit Up At 433 Million Euros

COLAS SA

20/02/2020 06:53

Feb 20 (Reuters) - Colas SA  BOUY.PA :
    * DIVIDEND PROPOSED: €6.40 PER SHARE, COMPARED TO €5.55 LAST
YEAR
    * FY REVENUE: €13.7 BILLION (+4% AND +5% AT CONSTANT SCOPE
AND
EXCHANGE RATES)
    * FY CURRENT OPERATING PROFIT: €433 MILLION (+€60 M)
    * FY NET PROFIT GROUP SHARE EUR 261 MILLION VERSUS EUR 227
MILLION
YEAR AGO
    * ORDER BACKLOG AT THE END OF DECEMBER 2019 AMOUNTED TO €9.2
BILLION
    * FOR 2020, REVENUE IS EXPECTED TO RECORD A SLIGHT DECREASE
    * FOR 2020 CURRENT OPERATING PROFIT MARGIN WILL GRADUALLY
BENEFIT
FROM THE OPERATIONAL EXCELLENCE INITIATIVES BEING ROLLED OUT
    * 2020 REVENUE DECLINE: DUE TO IMPACT OF MUNICIPAL ELECTIONS
IN
FRANCE AND COMPARISON EFFECT
    * AFTER RETURNING TO BREAKEVEN IN 2019, COLAS RAIL SHOULD
BEGIN TO
CONTRIBUTE POSITIVELY TO CURRENT OPERATING PROFIT IN 2020

Source text : https://bit.ly/2v2Fzfj
Further company coverage:  COLP.PA 

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