Brief: Chargeurs H1 Profit At 28.9 Million Euros

Compagnie Chargeurs Invest SA

10/09/2020 06:20

Sept 10 (Reuters) - CHARGEURS SA  CRIP.PA :
    * FIRST-HALF 2020 RESULTS: UNPRECEDENTED SOLIDARITY AND
OPERATIONAL EXCELLENCE
    * €518.5 MILLION IN REVENUE, UP 59%, AND €59.5 MILLION IN
RECURRING OPERATING PROFIT IN H1
    * CONSOLIDATED EBITDA CAME IN AT €71.2 MILLION, REPRESENTING
13.7%
OF REVENUE
    * AFTER AN UNPRECEDENTED PERFORMANCE IN 2020, MARKED BY
CERTAIN
EXCEPTIONAL NEEDS, WE ARE MAKING PRUDENT ASSUMPTIONS FOR 2021
    * PROFIT FOR THE PERIOD CAME TO €28.9 MILLION, WITH €29.0
MILLION
IN PROFIT ATTRIBUTABLE TO OWNERS OF THE PARENT, DRIVEN BY THE
SHARP RISE IN RECURRING OPERATING PROFIT
    * IS STRIVING TO MAINTAIN A HIGH LEVEL OF LIQUIDITY, NOT
ONLY TO
ENABLE IT TO WEATHER THE CRISIS AND CONTINUE ITS INTERNAL
DEVELOPMENTS BUT ALSO TO ENSURE IT HAS THE AGILITY TO RISE TO
FUTURE CHALLENGES
    * THE GROUP IS PREPARING A NEW STRATEGIC PLAN – “LEAP
FORWARD
2025” – WHICH WILL PICK UP THE BATON FROM THE “GAME CHANGER”
PROGRAM AND WILL BE PRESENTED IN MARCH 2021 - CEO
    * ALSO STABILIZED ITS NET DEBT, WHICH STOOD AT €122.4
MILLION AT
JUNE 30, 2020, ON PAR WITH THE DECEMBER 31, 2019 FIGURE
    * HAS DECIDED TO PAY AN INTERIM DIVIDEND OF €0.28 PER SHARE,
WITH
THE OPTION TO REINVEST THE INTERIM DIVIDEND IN CHARGEURS SHARES
    * IS STANDING BY ITS TARGETS OF EXCEEDING €750 MILLION IN
REVENUE
FOR FULL-YEAR 2020 AND OVER €60 MILLION IN RECURRING OPERATING
PROFIT

Source text: https://bit.ly/33fvgBJ
Further company coverage:  CRIP.PA 

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