Brief: Fagron FY Net Profit Up 30.3% At EUR 55.7 Million

Fagron NV

13/02/2020 06:56

Feb 13 (Reuters) - Fagron NV  FAGRO.BR :
    * REG-FAGRON REALISES TURNOVER GROWTH OF 13.4%; REBITDA
INCREASES
TO € 117.0 MILLION
    * SAYS FY OPERATIONAL CASH FLOW INCREASES TO EUR 98.8
MILLION
    * SAYS DIVIDEND PROPOSAL OF EUR 0.15 PER SHARE
    * SAYS NET FINANCIAL DEBT /REBITDA RATIO OF 2.33 AT END OF
2019
    * SAYS FY NET PROFIT UP 30.3% AT EUR 55.7 MILLION
    * SAYS FY REBITDA INCREASED TO EUR 117.0 MILLION (+9.9%);
EBITDA
+13.2%
    * SAYS FY TURNOVER INCREASED TO EUR 534.7 MILLION (+13.4%);
ORGANIC TURNOVER GROWTH OF 8.3%
    * SAYS WITH SUCCESSES WE ACHIEVED IN 2019 WE HAVE FURTHER
STRENGTHENED OUR FOUNDATION AND WE LOOK FORWARD TO REAPING
CONTINUED BENEFITS OF THIS IN 2020. - CEO
    * SAYS NET FINANCIAL DEBT INCREASED BY € 32.6 MILLION TO €
284.8
MILLION IN 2019
    * SAYS THE BOARD OF DIRECTORS WILL PROPOSE TO THE GENERAL
MEETING
OF SHAREHOLDERS TO PAY A GROSS DIVIDEND OF € 0.15 PER SHARE FOR
2019, AN INCREASE OF 25% COMPARED TO € 0.12 PER SHARE FOR 2018

Source text for Eikon:  ID:nGNE3QKzR2 
Further company coverage:  FAGRO.BR 

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