Brief: Matas Q4 EBIT Rises To DKK 49 Mln

Matas A/S

28/05/2019 07:20

May 28 (Reuters) - Matas A/S  MATAS.CO :
    * REG-ANNUAL REPORT 2018/19 - MATAS MEETS PROFIT GUIDANCE,
ACQUIRES KOSMOLET A/S AND STEPS UP INVESTMENTS AS PLANNED
    * Q4 2018/19 EBIT DKK 49 MILLION VERSUS DKK 35 MILLION YEAR
AGO
    * BOARD OF DIRECTORS RECOMMENDS THAT A DIVIDEND OF DKK 3.00
PER
SHARE BE DISTRIBUTED
    * Q4 2018/19 REVENUE DKK 828 MILLION VERSUS DKK 769  MILLION
YEAR
AGO
    * FINANCIAL TARGET 2019/20: OVERALL REVENUE GROWTH OF
3.5-6.5%
    * FINANCIAL AMBITION GOING FORWARD TO 2022/23 IS OVERALL
2022/23
REVENUE OF ABOUT DKK 4 BILLION
    * EXPECTS POSITIVE UNDERLYING LIKE-FOR-LIKE REVENUE GROWTH
GOING
FORWARD TO 2022/23
    * FINANCIAL TARGETS FOR FINANCIAL YEAR 2019/20: EBITDA
MARGIN
BEFORE EXCEPTIONAL ITEMS OF 14-15% (BEFORE EFFECTS OF IFRS 16).
    * FINANCIAL AMBITIONS GOING FORWARD TO 2022/23 IS AVERAGE
ANNUAL
CAPEX OF DKK 120 -140 MILLION
    * IN 2019/20, EFFECT OF INTRODUCTION OF IFRS 16 IS EXPECTED
TO
INCREASE EBIDTA MARGIN BY ABOUT 4 PERCENTAGE POINTS
    * IN ADDITION IFRS 16 WILL LEAD TO A TECHNICAL INCREASE IN
MATAS'
DEBT BY AROUND DKK 950 M, WHILE INCREASING ASSETS BY SAME AMOUNT

Source text for Eikon:  ID:nGNEb5f6m3 
Further company coverage:  MATAS.CO 

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