Brief: Equita Group Net Profit Up To EUR 21.5 Mln

Equita SpA

17/03/2022 13:41

March 17 (Reuters) - Equita Group SpA  EQUI.MI :
    * PROPOSES DIVIDEND OF EUR 0.35 PER SHARE
    * FY NET PROFIT EUR 21.5 MILLION VERSUS NET PROFIT EUR 12.3
MILLION YEAR AGO
    * FY NET REVENUE EUR 90.4 MILLION VERSUS EUR 68.2 MILLION
YEAR AGO
    * ISSUES 2022-2024 BUSINESS PLAN
    * SEES NET REVENUES OVER EUR 110 MILLION IN 2024
    * WITH REFERENCE TO RUSSIA-UKRAINE CONFLICT, GROUP HAS AN
INDIRECT
EXPOSURE OF LESS THAN EUR 200,000, THERE ARE NO RELATIONSHIPS
WITH CREDITORS AND/OR COMMERCIAL PARTNERS OPERATING IN INVOLVED
COUNTRIES
    * SEES NET PROFITS ABOVE €25 MILLION BY 2024
    * SEES MORE DIVERSIFIED REVENUES MIX IN 2024, WITH GLOBAL
MARKETS
ACCOUNTING FOR 35%-40%
    * UNDER 2022-2024 BUSINESS PLAN, SEES DISTRIBUTION OF
DIVIDENDS
EQUAL OR ABOVE EUR 50 MILLION IN THE THREE-YEAR PERIOD (AVERAGE
DIVIDEND ABOVE EUR 0.30/SHARE)

Further company coverage:  EQUI.MI 

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