Brief: High Co Q4 Gross Profit Up At EUR 20 Mln, To Recommend Dividend Increase

High SA

19/01/2022 16:55

Jan 19 (Reuters) - HIGH CO SA  HIGH.PA :
    * RETURN TO GROWTH IN 2021 (GP: UP 3.2%) WITH PROFITABILITY
REVISED UPWARDS (OP.M > 20%)
    * RECOMMENDATION OF A STRONG DIVIDEND INCREASE
    * Q4 2021 GROSS PROFIT (GP) OF €20 M, UP 1.7% ON A REPORTED
BASIS
AND LFL
    * FY 2021 BUSINESS GROWTH IN FRANCE (Q4 UP 2.9% LFL; FY UP
3.3%
LFL) SLIGHTLY HIGHER THAN FOR INTERNATIONAL BUSINESS (Q4 DOWN 7%
LFL; FY UP 2.3% LFL)
    * HAS RAISED ITS GUIDANCE FOR OPERATING MARGIN, NOW
FORECASTING
ADJUSTED OPERATING MARGIN UP FROM MORE THAN 19% TO MORE THAN 20%
    * TO RECOMMEND TO THE SUPERVISORY BOARD TO PROPOSE AT THE
NEXT
ANNUAL GENERAL MEETING A DIVIDEND PER SHARE OF €0.32,
REPRESENTING A STRONG INCREASE OF 18.5%
    * TO BY MOVE FORWARD WITH ITS SHARE BUYBACK PROGRAMME

Source text: https://bit.ly/3Ih2TpN
Further company coverage:  HIGH.PA 

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