Brief: Herige FY EBITDA Up At EUR 46.9 Million

Herige SA

29/03/2022 17:41

March 29 (Reuters) - Herige SA  ALHRG.PA :
    * VERY STRONG PERFORMANCE IN 2021
    * FY EBITDA UP 34.3% TO €46.9 MILLION WITH A 6.6% MARGIN
    * IN 2022, THE GROUP SHOULD CONTINUE TO BENEFIT FROM THE
GOOD
MOMENTUM OF ITS MAIN MARKETS AND FROM THE INTEGRATION OF
ACTIVENCE INTO ITS JOINERY BUSINESS
    * FY NET INCOME, GROUP SHARE ALMOST DOUBLED AT €19.1 MILLION
    * IN 2022, HERIGE GROUP REMAINS FOCUSED ON ACHIEVING ITS
CARBON
FOOTPRINT REDUCTION GOALS AND CONTINUING ITS PROFITABLE GROWTH
    * THE RUSSIAN-UKRAINIAN CONFLICT AND THE RELATED
GEOPOLITICAL
TENSIONS COULD HAVE CONSEQUENCES THAT COULD IMPACT THE GROUP'S
OUTLOOK, EVEN THOUGH HERIGE DOES NOT HAVE OPERATIONS OR PROCURE
SUPPLIES FROM THESE TWO COUNTRIES
    * THE SUPERVISORY BOARD DECIDED TO PROPOSE THAT SHAREHOLDERS
VOTE
ON THE PAYMENT OF A DIVIDEND OF €1.80 PER SHARE AT THE ANNUAL
GENERAL MEETING TO BE HELD ON JUNE 3, 2022
    * REMAINING CAUTIOUS GOING INTO THIS NEW YEAR AND IS
PREPARING
ITSELF AND BY REMAINING VIGILANT FOR DEVELOPMENTS IN THE HEALTH
CRISIS, AS WELL AS TENSION IN RAW MATERIALS PRICES
    * AT DECEMBER 31, 2021, THE GROUP'S FINANCIAL STRUCTURE WAS
SOLID,
WITH SHAREHOLDERS' EQUITY OF €123.9 MILLION, POSITIVE NET CASH
OF €57.3 MILLION (AFTER THE REPAYMENT OF STATE-GUARANTEED LOAN)
    * FY NET FINANCIAL DEBT IS UNDER CONTROL AT €80.5 MILLION,
REPRESENTING A NET GEARING RATIO OF 65% COMPARED WITH 47% IN
2020

Source text for Eikon:  ID:nNDL4MvkQc 
Further company coverage:  ALHRG.PA 

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