Brief: Gerard Perrier Industrie Q1 Revenue Down At 46.6 Million Euros, Reduces Proposed Dividend

Gerard Perrier Industrie SA

11/05/2020 06:43

May 11 (Reuters) - GERARD PERRIER INDUSTRIE SA  GPIF.PA :
    * Q1 REVENUE EUR 46.6 MILLION VERSUS EUR 51.0 MILLION YEAR
AGO
    * OUTLOOK: A REBOUND IS EXPECTED IN THE SECOND HALF OF THE
YEAR
    * AFTER GOOD START OF FY, GROUP SUFFERED REPERCUSSIONS OF
COVID-19
CRISIS
    * DUE TO THE COVID-19 CRISIS, WILL PROPOSE THE PAYMENT OF A
DIVIDEND REDUCED TO 1.50 EUROS COMPARED TO THE 1.75 EUROS PER
SHARE INITIALLY ANNOUNCED
    * EXPECTS A GRADUAL RECOVERY IN THE ACTIVITY OF THE 3
DIVISIONS
FROM 11 BEFORE A MORE SENSITIVE UPTURN IN JUNE
    * DIVIDEND WILL BE PAID AS FROM JUNE 25, 2020, WITH
DETACHMENT OF
THE COUPON SCHEDULED FOR JUNE 23, 2020
    * TURNOVER AND THE RESULTS FOR THE FY 2020 WILL BE LOWER
THAN IN
2019
    * CASH POSITION IS AT THE SAME LEVEL AS AT 31/12/2019 (EUR
60
MILLION)

Source text: https://bit.ly/2WIRUzg
Further company coverage:  GPIF.PA 

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