Plastivaloire's strong annual results lift shares

Plastiques du Val de Loire SA

15/12/2021 08:28

** Shares in Plastiques du Val-de-Loire (Plastivaloire)
 PLVP.PA  jump 4.9% after the plastics injection company
reported strong FY results
    ** Its EBITDA rose 46.6% to EUR 68.0 mln ($76.65 mln), while
net result swung to a profit of EUR 11.6 mln  urn:newsml:reuters.com:*:nFWN2SZ160
    ** "The good news comes from the cash flow generated by
activities of EUR 90.2 mln," Midcap Partners says in a note
    ** Plastivaloire said it would propose a dividend of EUR
0.14 per share, against EUR 0.05 for the previous year
    ** It added it would target EUR 700 mln sales in 2021-22,
while its EBITDA margin objective remains at around 10%
    ** The stock is down by around 12% year-to-date

($1 = 0.8872 euros)

 (Reporting by Juliette Portala)
 ((juliette.portala@tr.com))