Brief: High Co H1 Recurring Operating Income Up At 12.0 Million Euros

High SA

28/08/2019 17:31

Aug 28 (Reuters) - HIGH CO SA  HIGH.PA :
    * H1 NET INCOME GROUP SHARE EUR 6.6 MILLION VERSUS EUR 6.4
MILLION
YEAR AGO
    * H1 2019 GROSS PROFIT OF €48.2 M, UP 11.6% ON A REPORTED
BASIS
AND 3.5% LFL
    * NET CASH3 OF €60.23 M AT 30 JUNE 2019, UP BY €8.06 M
COMPARED
WITH 31 DECEMBER 2018
    * 2019 GUIDANCE: BUSINESS GROWTH REVISED UPWARDS FROM MORE
THAN
2.6% TO MORE THAN 3.7% (WITH H2 GROWTH UP MORE THAN 3.9%)
    * GUDIANCE 2019: GROWTH IN 2019 GROSS PROFIT RAISED FROM
MORE THAN
2.6% (LIKE-FOR-LIKE GROWTH IN 2018 GROSS PROFIT) TO MORE THAN
3.7% LIKE FOR LIKE
    * GUDIANCE 2019: SLIGHT RISE IN ADJUSTED OPERATING MARGIN
(2018
ADJUSTED OPERATING MARGIN: 18.3%)
    * THE GROUP REPORTED HALF-YEAR EPS OF €0.31, UP SLIGHTLY BY
1.5%
FROM H1 2018
    * H1 ADJUSTED OPERATING MARGIN OF 26.4% VERSUS 26.2% YEAR
AGO
    * H1 RECURRING OPERATING INCOME OF EUR 12.0 MILLION VERSUS
EUR
10.3 MILLION YEAR AGO

Source text for Eikon:  ID:nGNE8CnjPq 
Further company coverage:  HIGH.PA 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com;))