Brief: Exel Industries Fy Net Profit At 43.5 Million Euros
17/12/2021 07:26
Dec 17 (Reuters) - Exel Industries SA EXEP.PA :
* FY SALES 877 MILLION EUR
* FY SALES UP 16%, DOUBLE-DIGIT GROWTH IN ALMOST ALL
ACTIVITIES
* PROPOSED DIVIDEND PAYMENT OF EUR 1.60 PER SHARE
* FY NET PROFIT 43.5 MLN EUR
* A CONSOLIDATED AND ROBUST CASH POSITION WITH SIGNIFICANTLY
IMPROVED DEBT RATIOS INCLUDING LEVERAGE OF 0.5X RECURRING EBITDA
* STRONG FY FINANCIAL PERFORMANCE, WITH RECURRING EBITDA UP
46% TO
EUR 78 MILLION FOR YEAR AND A RECURRING EBITDA MARGIN OF 8.9%
* NET FINANCIAL DEBT AT SEPTEMBER 30, 2021 REDUCED TO EUR
42.4
MILLION, COMPARED TO EUR 87.0 MILLION IN 2020
* THE GROUP CONFIRMS ITS CONFIDENCE IN THE OUTLOOK IN
GENERAL, AND
IN PARTICULAR THANKS TO OUR MULTI-ACTIVITY STRATEGY
* IN ADDITION, SALES ARE SUSTAINED BY STRONG DEMAND, WHICH
ALLOWS
TO ADJUST PRICES IN LINE WITH INFLATION ON PRODUCTION COSTS
* ALL OF OUR ACTIVITIES HAVE BEEN AFFECTED BY THE SUPPLY
DIFFICULTIES, BUT HAVE MANAGED TO MAINTAIN A GOOD LEVEL OF
SERVICE TO OUR CUSTOMERS DESPITE THESE SUPPLY CHAIN DISRUPTIONS
- CEO
* OPERATING MARGINS HAVE RISEN SHARPLY AND THE GROUP HAS
SUCCEEDED
IN HALVING ITS FINANCIAL DEBT THROUGH STRICT MANAGEMENT OF ITS
EXPENSES AND WORKING CAPITAL - CEO
Source text for Eikon: ID:nGNE9jv8b5
Further company coverage: EXEP.PA
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