Brief: Jensen Group FY EBIT Drops To EUR 12.8 Million

Jensen-Group NV

04/03/2021 17:14

March 4 (Reuters) - Jensen Group NV  JEN.BR :
    * DUE TO THE IMPACT OF COVID-19, REVENUE DECREASED FROM
332.2
MILLION EURO IN 2019 TO 245.2 MILLION EURO IN 2020, A DECREASE
OF 26.2%
    * FY OPERATING PROFIT (EBIT) AMOUNTS TO 12.8 MILLION EURO,
WHICH
IS 44.4% LOWER THAN LAST YEAR
    * FY NET INCOME ATTRIBUTABLE TO THE SHAREHOLDERS AMOUNTS TO
7.6
MILLION EURO (EARNINGS PER SHARE OF 0.97 EURO), DOWN 51.6%
COMPARED TO LAST YEAR
    * THE BOARD PROPOSES TO MEMBERS OF THE ANNUAL SHAREHOLDERS’
MEETING TO APPROVE A DIVIDEND OF 0.25 EURO PER SHARE
    * WE EXPECT THE RIPPLES OF MARKET INACTIVITY TO CONTINUE
WELL INTO
2021 WITH A POTENTIAL FOR LOWER FINANCIAL RESULTS IN 2021
COMPARED TO 2020
    * WE ARE PRUDENT IN OUR OUTLOOK BUT REMAIN OPTIMISTIC IN
ANTICIPATION OF A RETURN TO PREVIOUS LEVELS OF ORDER INTAKE IN
2022 AS THE HOSPITALITY INDUSTRY AND THE MARKET BEGIN TO RECOVER
    * YEAR-END NET CASH POSITION OF 28.3 MILLION EURO (INCLUDING
10.2
MILLION EURO LEASING DEBT) COMPARED TO A NET DEBT OF 4.4 MILLION
EURO AT YEAR-END 2019

Source text: https://bit.ly/3qgLjIY
Further company coverage:  JEN.BR 

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