Brief: Jensen Group FY Net Income Group Share Down At 15.7 Million Euro

Jensen-Group NV

12/03/2020 19:01

March 12 (Reuters) - JENSEN GROUP NV  JEN.BR :
    * PRESS RELEASE STABLE REVENUE WITH LOWER PROFIT
    * FY REVENUE FOR THE YEAR AMOUNTS TO 332.2 MILLION EURO
COMPARED
TO 343.8 MILLION EURO LAST YEAR
    * FY NET INCOME ATTRIBUTABLE TO THE SHAREHOLDERS AMOUNTS TO
15.7
MILLION EURO COMPARED TO 19.1 MILLION EURO LAST YEAR
    * FY OPERATING PROFIT (EBIT) AMOUNTS TO 23.0 MILLION EURO
    * FY CASH FLOW (EBITDA) AMOUNTS TO 31.2 MILLION EURO, A 6.8%
DECREASE COMPARED TO LAST YEAR
    * THE BOARD PROPOSES TO THE ANNUAL SHAREHOLDERS’ MEETING TO
APPROVE A DIVIDEND OF 1.00 EURO PER SHARE
    * OUTLOOK: WE ARE PRUDENT IN OUR OUTLOOK BECAUSE WE ARE
UNABLE TO
ASSESS TODAY THE IMPACT OF THE CORONA VIRUS ON THE VARIOUS
MARKETS
    * FY NET DEBT INCREASED BY EUR 9.7 MILLION, FROM EUR 5.4
MILLION
NET CASH TO EUR 4.4 MILLION EURO NET DEBT
    * OUTLOOK: GROUP DOES NOT EXPECT A SIGNIFICANT IMPACT FROM
THE
BREXIT
    * SUBJECT TO APPROVAL BY THE ANNUAL SHAREHOLDERS’ MEETING OF
MAY
19, 2020, THE SHARE WILL TRADE EX-COUPON AS OF MAY 27, 2020 AND
THE DIVIDEND WILL BE PAYABLE AS FROM MAY 29, 2020 AT THE
COUNTERS OF KBC BANK UPON PRESENTATION OF COUPON N°15
    * OUTLOOK: POTENTIAL IMPACT OF THE CORONAVIRUS AND POSSIBLE
PROTECTIONIST MOVEMENTS IN VARIOUS PARTS OF WORLD CANNOT BE
ASSESSED TODAY
    * OUTLOOK: OTHER RISKS THAT MAINLY AFFECT OUR MARGIN ARE
EXCHANGE
RATE VOLATILITY AND FLUCTUATING RAW MATERIAL PRICES, ENERGY AND
TRANSPORTATION COSTS
    * FY NET TAX CHARGES AMOUNT TO 5.1 MILLION EURO AND ARE
LOWER THAN
LAST YEAR BECAUSE OF LOWER PROFIT BEFORE TAX AS WELL AS LOWER
DISALLOWED EXPENSES
    * FY TOTAL NET FINANCE COST AMOUNTS TO 2.5 MILLION EURO

Source text: https://bit.ly/2wMGMIh
Further company coverage:  JEN.BR 

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