Brief: High Co FY Recurring Operating Income Up At 14.8 Million Euros

High SA

22/03/2022 17:33

March 22 (Reuters) - High Co SA  HIGH.PA :
    * FULL-YEAR 2021 GROSS PROFIT OF EUR 76.52 M, UP 3.2% ON A
REPORTED BASIS AND LFL1.
    * FY RECURRING OPERATING INCOME EUR 14.8 MILLION VERSUS EUR
12.2
MILLION YEAR AGO
    * DIVIDEND OF EUR 0.32 PER SHARE TO BE PROPOSED AT AGM IN
MAY
2022, FOR A SHARP 18.5% INCREASE
    * PROPOSAL TO CANCEL AROUND 8% OF TREASURY SHARES
    * 2022 GUIDANCE: SLIGHT BUSINESS GROWTH AND INCREASE IN
ADJUSTED
OPERATING MARGIN OF 50 BASIS POINTS
    * END-YEAR OPERATING CASH FLOW OF €15.33 M (EXCLUDING IFRS
16), UP
€2.33 M OR 17.9%
    * 2022 GUIDANCE: CONTINUED INVESTMENT IN STARTUP STUDIO
HIGHCO
VENTURI; ACQUISITIONS AND/OR INVESTMENTS.
    * FY ADJUSTED ATTRIBUTABLE NET INCOME OF EUR 8.71 M, FOR A
SHARP
RISE OF 50.9%
    * NET CASH EXCLUDING OPERATING WORKING CAPITAL OF €17.92 M
AT 31
DECEMBER 2021, REPRESENTING AN INCREASE OF €4.5 M COMPARED TO 31
DECEMBER 2020
    * 

Source text for Eikon:  ID:nGNE59RZMk 
Further company coverage:  HIGH.PA 

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