Brief: Groupe Pizzorno Environnement Sees Improvement In Operating Profitability For 2020, Cuts Dividend

Groupe Pizzorno Environnement SA

19/05/2020 17:26

May 19 (Reuters) - Groupe Pizzorno Environnement SA
 GPEP.PA :
    * BACKLOG AS OF DECEMBER 31, 2019: €701 MILLION
    * FY OPERATING RESULT EUR 2.3 MILLION VERSUS LOSS OF EUR 8.0
MILLION YEAR AGO
    * FY REVENUE EUR 217.6 MILLION VERSUS EUR 233.0 MILLION YEAR
AGO
    * DURING FINANCIAL YEAR, GROUP MAINTAINED A SOLID CASH
POSITION OF
EUR 36.9 MILLION
    * CONSEQUENCES OF COVID-19 ARE RELATIVELY LIMITED, HOWEVER
PART OF
GROUP'S BUSINESS, WHICH IS PRESENT IN TOURIST AREAS, COULD BE
AFFECTED
    * FY NET DEBT 0.5 MILLION VERSUS EUR 0.7 MILLION YEAR AGO
    * ANTICIPATES AN IMPROVEMENT IN OPERATING PROFITABILITY FOR
THE
YEAR 2020
    * FY NET RESULT GROUP SHARE EUR 1.8 MILLION VERSUS LOSS OF
EUR 0.4
MILLION YEAR AGO
    * CANCELLATION OF DIVIDEND FOR 2019 FINANCIAL YEAR

Source text for Eikon:  ID:nACT63594 
Further company coverage:  GPEP.PA 

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