Brief: Guerbet Eyes Revenue Increase Of 2%-4% LFL In 2022

Guerbet SA

23/03/2022 16:55

March 23 (Reuters) - Guerbet SA  GRBT.PA :
    * FY NET PROFIT 32.6 MILLION EUR
    * REG-GUERBET: 2021 ANNUAL RESULTS
    * PROPOSED DIVIDEND OF EUR 0.85 PER SHARE
    * FY EBITDA MARGIN ABOVE EXPECTATIONS: 14.4% AT EUR 105.1M
VERSUS
14.1% IN 2020
    * SHARP DECREASE IN FY NET DEBT TO EUR 217.8M THANKS TO 2021
FREE
CASH FLOW OF EUR 38.8M
    * AS OF DECEMBER 31, 2021, REPORTED SALES CAME TO EUR 732.1
MILLION, UP 2.8% FROM DECEMBER 31, 2020
    * GROUP HAS VERY LITTLE EXPOSURE TO CONFLICT BETWEEN RUSSIA
AND
UKRAINE AS IT HAS NO PHYSICAL PRESENCE IN EITHER COUNTRY
    * IS SUFFERING FROM INFLATION CAUSED BY CONFLICT, IN
PARTICULAR ON
RAW MATERIALS PRICES
    * RUSSIA-UKRAINE: IMPACT ON GROUP'S FINANCIAL PERFORMANCE IS
DIFFICULT TO ASSESS AT PRESENT, SINCE ECONOMIC ENVIRONMENT IS
PARTICULARLY VOLATILE
    * FOR 2022, GROUP ANTICIPATES RENEWED GROWTH IN REVENUE,
WITH A
LIKE-FOR-LIKE BASIS INCREASE BETWEEN 2% AND 4%
    * FOR 2022 GUERBET AIMS TO DELIVER AN EBITDA MARGIN AT LEAST
UNCHANGED FROM 2021

Source text for Eikon:  ID:nGNE5W12Jz 
Further company coverage:  GRBT.PA 

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