Brief: HighCo FY Attributable Net Income Up At 9.3 Million Euros

High SA

24/03/2020 17:36

March 24 (Reuters) - High Co SA  HIGH.PA :
    * FY EPS ROSE 7.9 PERCENT TO 0.45 EUR
    * FULL-YEAR 2019 GROSS PROFIT OF EUR 95.22 M, UP 8.7% ON A
REPORTED BASIS AND 4.6% LFL
    * NET CASH OF EUR 62.38 M AT 31 DECEMBER 2019, UP EUR 10.22
M
COMPARED WITH 31 DECEMBER 2018
    * FY ADJUSTED OPERATING MARGIN OF 18.5%, UP 20 BASIS POINTS
    * FY ATTRIBUTABLE NET INCOME EUR 9.3 MILLION VERSUS EUR 8.6
MILLION YEAR AGO
    * NET CASH POSITION SURGED EUR 10.22 M TO EUR 62.38 M AT 31
DECEMBER 2019
    * SEES DECLINE IN Q1 2020 GROSS PROFIT
    * SEES SUBSTANTIAL IMPACT ON Q2 2020, WITH RISK OF
SIGNIFICANT
DECLINE IN GROSS PROFIT
    * AT MID-MARCH 2020, GROSS CASH POSITION (EXCLUDING
OPERATING
WORKING CAPITAL) REMAINED STABLE COMPARED WITH 31 DEC 2019 (EUR
10.56 M)
    * TO ALLOCATE ALL 2019 EARNINGS TO RESERVES, TO BE PUT
FORWARD AT
NEXT ANNUAL GENERAL MEETING SCHEDULED FOR 11 MAY 2020
    * PLANS SUSPENSION OF SHARE BUYBACK PROGRAMME TO PROTECT ITS
CASH
POSITION

Source text for Eikon:  ID:nGNE952SkL 
Further company coverage:  HIGH.PA 

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