Brief: Colas FY Current Operating Profit Up At EUR 440 Mln

COLAS SA

24/02/2022 07:39

Feb 24 (Reuters) - Colas SA  COLP.PA :
    * FY REVENUE AT €13.2 BILLION, UP 7% VERSUS 2020 AT CONSTANT
SCOPE
AND EXCHANGE RATES
    * FY  CURRENT OPERATING PROFIT AT THE END OF DECEMBER 2021
AMOUNTED TO €440 MILLION, UP €186 MILLION ON 2020 AND €7 MILLION
ON 2019
    * FY NET PROFIT ATTRIBUTABLE TO THE GROUP TOTALED €261
MILLION,
COMPARED TO €94 MILLION AT THE END OF DECEMBER 2020, AND €261
MILLION AT THE END OF DECEMBER 2019
    * FY FREE CASH FLOW AT €358 MILLION REMAINS HIGH
    * ORDER BACKLOG AT A RECORD €10.7 BILLION, UP 17%
YEAR-ON-YEAR, OR
+9% AT CONSTANT EXCHANGE RATES, AND EXCLUDING MAJOR ACQUISITIONS
AND DISPOSALS
    * END-FY NET DEBT CLOSE TO ZERO, VIRTUALLY STABLE OVER THE
YEAR,
INCLUDING DESTIA
    * WILL PROPOSE TO THE ANNUAL GENERAL MEETING TO BE HELD ON
APRIL
26, 2022 TO DISTRIBUTE A DIVIDEND OF €6.85 PER SHARE, COMPARED
TO €2.90 LAST YEAR
    * CONFIRMATION OF TARGET CURRENT OPERATING MARGIN AT 4% IN
2023
    * REVENUE IN 2022 SHOULD BE SIGNIFICANTLY HIGHER THAN IN
2021,
NOTABLY DUE TO THE CONTRIBUTION OF DESTIA
    * COLAS IS CONTINUING TO FOCUS ON PROGRAMS AIMING TO IMPROVE
PROFITABILITY, AND CONFIRMS ITS OBJECTIVE OF 4% CURRENT
OPERATING MARGIN IN 2023

Source text for Eikon:  ID:nNDL4PVK51 
Further company coverage:  COLP.PA 

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