Brief: Vranken Pommery Monopole FY Operating Result Down At 20.3 Million Euros

Maison Pommery & Associes SA

30/03/2020 18:35

March 30 (Reuters) - VRANKEN POMMERY MONOPOLE SA  VRKP.PA :
    * FY RESULTS
    * FY REVENUE OF EUR 274.6 MILLION VERSUS EUR 300.4 MILLION
YEAR
AGO
    * IN VIEW OF THE CURRENT SITUATION AND THE EXCEPTIONAL
MEASURES
TAKEN BY THE GROUP, IT IS NOT CONCEIVABLE TO MAINTAIN THE
PAYMENT OF A DIVIDEND
    * FY NET INCOME OF EUR 0.1 MILLION VERSUS EUR 3.4 MILLION
YEAR AGO
    * FY OPERATING RESULT OF EUR 20.3 MILLION VERSUS EUR 23.1
MILLION
YEAR AGO
    * FY EBITDA UP 4.5% TO EUR 38.9 MILLION
    * OUTLOOK 2020: GROUP IS PURSUING ITS DEBT REDUCTION TARGET
OF EUR
30 MILLION FOR THE FINANCIAL YEAR
    * ON CORONAVIRUS: AT END OF CONTAINMENT PERIOD, GROUP
ESTIMATES
THAT RETURN TO NORMAL ACTIVITY MAY TAKE SEVERAL WEEKS
    * AT 31 DEC 2019 GROUP'S NET FINANCIAL DEBT OF EUR 712
MILLION

Source text: https://bit.ly/33WEMJW
Further company coverage:  VRKP.PA 

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