Brief: Colas H1 Operating Loss Widens To EUR 160 Mln

COLAS SA

02/08/2022 06:46

Aug 2 (Reuters) - COLAS SA  COLP.PA :
    * HALF-YEAR RESULTS 2022
    * H1 REVENUE TOTALED €6.5 BILLION, UP 17% FROM H1 2021 (+9%
AT
CONSTANT SCOPE AND EXCHANGE RATES)
    * NET DEBT WAS AT €1.4 BILLION, UP €0.8 BILLION COMPARED TO
THE
END OF JUNE 2021
    * H1 CURRENT OPERATING PROFIT WAS AT -€160 MILLION, DOWN €60
MILLION COMPARED TO H1 2021
    * H1 NET PROFIT ATTRIBUTABLE TO THE GROUP AMOUNTED TO -€132
MILLION, DOWN €20 MILLION COMPARED TO H1 2021
    * FREE CASH FLOW TOTALED -€203 MILLION, DOWN €149 MILLION
COMPARED
TO H1 2021
    * H1 ORDER BACKLOG IS AT A RECORD HIGH OF €12.9 BILLION, UP
25%
YEAR-ON-YEAR (+14% AT CONSTANT EXCHANGE RATES, EXCLUDING MAIN
ACQUISITIONS AND DISPOSALS)
    * NOT DIRECTLY IMPACTED BY THE CURRENT CONFLICT IN UKRAINE
    * REVENUE IN 2022 SHOULD BE SIGNIFICANTLY HIGHER THAN IN
2021
    * EXPECTS ITS 2022 CURRENT OPERATING PROFIT TO BE HIGHER
THAN IN
2021
    * THE GROUP HAS PUT IN PLACE ACTION PLANS TO OFFSET THE
IMPACT OF
RISING COSTS AND TO SAFEGUARD ITS FINANCIAL PERFORMANCE.
    * PAYOUT OF DIVIDENDS FOR €227 MILLION IN MAY 2022, COMPARED
TO
€97 MILLION IN MAY 2021

Source text for Eikon:  ID:nNDL2YFD4t 
Further company coverage:  COLP.PA 

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