Brief: Guerbet FY Net Income Down At 37.3 Million Euros

Guerbet SA

24/03/2020 16:49

March 24 (Reuters) - GUERBET SA  GRBT.PA :
    * 2019 ANNUAL RESULTS
    * FY NET INCOME EUR 37.3 MILLION VERSUS EUR 46.8 MILLION
YEAR AGO
    * FY EBITDA OF €111.5 MILLION, INCREASING YEAR OVER YEAR ON
A
LIKE-FOR-LIKE BASIS
    * 2020 OUTLOOK: UNCERTAINTY RELATED TO MEASURES TAKEN TO
COMBAT
COVID-19 EPIDEMIC DESPITE A MINOR IMPACT ON GUERBET’S ACTIVITY
OBSERVED TO DATE
    * 2020: CONTINUATION OF THE VALUE-CREATION STRATEGY
INITIATED BY
THE GROUP
    * ON CORONAVIRUS: GUERBET HAS SO FAR SEEN ONLY A MINOR
IMPACT ON
ITS ACTIVITY
    * DIVIDEND DISTRIBUTION OF €0.70 PER SHARE
    * TO DATE, ALL OF GROUP’S PRODUCTION SITES AROUND THE WORLD
ARE
OPERATING NORMALLY, AND ALL DISTRIBUTION CENTRES ARE CONTINUING
TO SHIP ORDERS TO ALL CUSTOMERS WHEREVER THEY ARE
    * THE BOARD OF DIRECTORS WILL PROPOSE A DIVIDEND OF €0.85
PER
SHARE TO THE SHAREHOLDERS AT THE GENERAL MEETING ON 29 MAY 2020
    * TO COMMUNICATE MORE PRECISELY ON ITS 2020 OUTLOOK AT A
LATER
STAGE WHEN THE GROUP HAS MORE VISIBILITY ON DURATION AND SCALE
OF IMPLEMENTED MEASURE
    * 2019 NET DEBT TOTALLED €296.5 MILLION INCLUDING IFRS 16
IMPACT
(€279.2 MILLION EXCLUDING IFRS 16 IMPACT)
    * OUTLOOK: REGARDLESS OF COVID-19 SITUATION, ANTICIPATES ITS
REVENUE GROWTH TO BENEFIT FROM GOOD PERFORMANCE OF LIPIODOL,
CONSUMABLES FOR CONTRAST AGENT INJECTIONS, DIGITAL SOLUTIONS AND
AFTER-SALES SERVICES; GRADUAL ACCELERATION OF SALES OF ACCURATE
MICROCATHETERS

Source text: https://bit.ly/39jLxXk
Further company coverage:  GRBT.PA 

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