Brief: High Co Q4 Gross Profit Down At 19.67 Million Euros

High SA

20/01/2021 17:03

Jan 20 (Reuters) - HIGH CO SA  HIGH.PA :
    * Q4 2020 GROSS PROFIT OF €19.67 M, DOWN 7.1% LFL
    * NET CASH AT END-DECEMBER 2020 EXPECTED TO RISE SHARPLY
    * FY ADJUSTED OPERATING MARGIN ROSE SIGNIFICANTLY FROM MORE
THAN
12% TO MORE THAN 16%
    * RECOMMENDED DIVIDEND PAYOUT HIGHER THAN 2019 DIVIDEND
(€0.16 PER
SHARE)
    * MANAGEMENT BOARD ALSO ANNOUNCED THAT IT WILL RESUME ITS
SHARE
BUYBACK PROGRAMME
    * HIGHCO NOW EXPECTS ADJUSTED 2020 OPERATING MARGIN UP FROM
MORE
THAN 12% TO MORE THAN 16%

Source text for Eikon:  ID:nNDL19rGJz 
Further company coverage:  HIGH.PA 

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