Brief: Herige Reports FY EBITDA Growth To 31.3 Million Euros, Cancels 2019 Dividend

Herige SA

01/04/2020 17:55

April 1 (Reuters) - HERIGE SA  ALHRG.PA :
    * NET INCOME, GROUP SHARE AMOUNTED TO EUR 7.5 MILLION FOR
2019
COMPARED WITH EUR 1.3 MILLION FOR 2018
    * FY REVENUE EUR 622.1 MILLION VERSUS EUR 570.7 MILLION
(IFRS)
YEAR AGO
    * FY EBITDA EUR 31.3 MILLION VERSUS EUR 24.0 MILLION YEAR
AGO
    * ON CORONAVIRUS: DEVELOPMENTS IN 2020 COULD BE ADJUSTED
DEPENDING
ON GRAVITY OF IMPACTS OBSERVED
    * AT DEC 31, 2019, GROUP HAD CONSOLIDATED FINANCIAL
STRUCTURE WITH
SHAREHOLDERS' EQUITY OF EUR 100.0 MILLION VERSUS EUR 93.5
MILLION IN 2018
    * IN 2019, GROUP RAMPED UP ITS INVESTMENT DRIVE, WHICH
TOTALED EUR
32.1 MILLION
    * AT DEC 31, 2019 NET FINANCIAL DEBT WAS CONTROLLED AT EUR
67.6
MILLION COMPARED TO EUR 61.7 MILLION AT END DEC 2018
    * WILL PROPOSE NOT TO PAY A DIVIDEND IN RESPECT OF 2019 AT
ANNUAL
GENERAL MEETING
    * CANCELLATION OF 2019 DIVIDEND
    * IT IS CURRENTLY TOO EARLY TO PROVIDE PRECISE INFORMATION
ON
IMPACT OF COVID-19 PANDEMIC ON GROUP'S BUSINESS
    * BUSINESS IN 2020 IS EXPECTED TO BENEFIT FROM ACQUISITION
OF SIX
CONCRETE PLANTS BASED IN SARTHE AND MAYENNE (FRANCE)

Source text for Eikon:  ID:nACT62788 
Further company coverage:  ALHRG.PA 

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