Brief: Groupe LDLC FY EBITDA Down At 2.0 Million Euros

Groupe LDLC SA

20/06/2019 16:53

June 20 (Reuters) - GROUPE LDLC SA  LDCO.PA :
    * GROUP PLANS TO CONFIRM ITS TARGET TO RETURN TO LEVELS OF
GROWTH
AND PROFITABILITY MORE IN LINE WITH ITS HISTORICAL TRACK RECORD
    * FY NET LOSS EUR 4.3 MILLION VERSUS PROFIT EUR 5.4 MILLION
YEAR
AGO
    * FY EBITDA EUR 2.0 MILLION VERSUS EUR 14.6 MILLION YEAR AGO
    * GROUP HAS TAKEN A NUMBER OF STEPS TO BOOST EBITDA IN
2019/2020
    * SAVINGS OF AROUND EUR150,000 PER MONTH GENERATED BY GROUP
SYNERGIES
    * REDUCTION OF AROUND EUR3.5 MILLION IN STAFF COSTS
RESULTING FROM
MEASURES IMPLEMENTED IN H2 2018/2019;
    * GROUP EXPECTS TO SEE CONSIDERABLE DELEVERAGING OVER PERIOD
WITH
SALE OF TWO REAL ESTATE ASSETS
    * FY NET COST OF DEBT AMOUNTED TO EUR 1.9 MILLION COMPARED
TO EUR
1.1 MILLION LAST YEAR

Source text for Eikon:  ID:nACT58928 
Further company coverage:  LDCO.PA 

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