Brief: Oeneo FY Group Net Profit Up At 28.3 Million Euros

Oeneo SA

11/06/2020 17:19

June 11 (Reuters) - Oeneo SA  SABT.PA :
    * 2019-2020 ANNUAL RESULTS: TURNOVER UP NEARLY 8%
    * FY CASH FLOW FROM OPERATIONS ROSE SHARPLY TO €34.6 MILLION
    * IN FY OENEO'S CASH GENERATION HAS ALLOWED THE GROUP TO
REDUCE
ITS NET DEBT TO €54.3 MILLION, LIMITING THE GEARING RATIO TO 19%
    * FY NET PROFIT GROUP SHARE EUR 28.3 MILLION VERSUS EUR 25.3
MILLION YEAR AGO
    * MARKED BY THE COVID-19 HEALTH CRISIS, THE START TO
2019-2020 HAS
BEEN IMPACTED SINCE APRIL
    * FIRST-QUARTER TURNOVER WILL LOGICALLY WITNESS A
DOUBLE-DIGIT
DECLINE
    * FY RECURRING OPERATING PROFIT ROSE 7.4% TO €44.3 MILLION
    * GROUP EXPECTS TO BENEFIT FROM A CATCH-UP IN ORDERS OVER
THE
COMING MONTHS
    * GROUP IS EXPECTING A MORE MODERATE DECLINE IN FULL-YEAR
TURNOVER
THAN IN THE FIRST QUARTER
    * OENEO'S BOARD OF DIRECTORS WILL PROPOSE NOT TO PAY A
DIVIDEND
FOR 2019-2020

Source text : https://bit.ly/3dVOxfD
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