Brief: Colas Suspends FY 2019 Dividend Proposal Due To Coronavirus

COLAS SA

01/04/2020 18:15

April 1 (Reuters) - BOUYGUES SA  BOUY.PA :
    * WITHDRAWAL OF 2020 TARGETS PROPOSAL FOR APPROPRIATION OF
2019
EARNINGS
    * BOARD OF DIRECTORS WILL MEET IN AUGUST TO REASSESS
SITUATION AND
ANALYZE ADVISABILITY OF PROPOSING DISTRIBUTION OF A DIVIDEND FOR
2019 FINANCIAL YEAR
    * CURRENT OPERATING PROFIT MARGIN WILL GRADUALLY BENEFIT
FROM
OPERATIONAL EXCELLENCE INITIATIVES BEING ROLLED OUT,
PARTICULARLY ACROSS GROUP’S INDUSTRIAL ACTIVITIES
    * AFTER RETURNING TO BREAKEVEN IN 2019, COLAS RAIL SHOULD
BEGIN TO
CONTRIBUTE POSITIVELY TO CURRENT OPERATING PROFIT IN 2020
    * FOR 2020, REVENUE EXPECTED TO RECORD SLIGHT DECREASE DUE
TO
FORESEEABLE IMPACT OF MUNICIPAL ELECTIONS IN FRANCE
    * FOR 2020, REVENUE EXPECTED TO RECORD SLIGHT DECREASE ALSO
DUE TO
COMPARISON EFFECT PERTAINING TO SALE OF SMAC, WHICH CONTRIBUTED
€141 MILLION TO CONSOLIDATED REVENUE IN 2019
    * BUSINESS SHOULD REMAIN STABLE IN GEOGRAPHIC AREAS OUTSIDE
FRANCE

Source text : https://bit.ly/2X1AnE4
Further company coverage:  BOUY.PA 

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