Brief: Recticel FY Adjusted Ebitda Down At 58.8 Million Euros

Recticel SA

26/02/2021 06:10

Feb 26 (Reuters) - RECTICEL NV  RECT.BR :
    * RECTICEL ANNUAL RESULTS 2020 - SOLID 2ND HALF 2020 AND
STRATEGIC
REPOSITIONING
    * FY NET SALES: FROM EUR 878.5 MILLION TO EUR 828.8 MILLION
(-5.7%), INCLUDING A -0.3% CURRENCY EFFECT
    * PROPOSAL TO PAY A GROSS DIVIDEND OF EUR 0.26 PER SHARE
    * FY ADJUSTED EBITDA: FROM EUR 70.7 MILLION TO EUR 58.8
MILLION
(-16.8%)
    * FY NET FINANCIAL DEBT (CASH): EUR 4.6 MILLION, INCLUDING
IFRS 16
LEASE LIABILITIES
    * FY RESULT OF PERIOD (SHARE OF GROUP): FROM EUR 24.8
MILLION TO
EUR 63.2 MILLION, INCLUDING EUR 68.7 MILLION RESULT FROM
DISCONTINUED OPERATION
    * GROUP EXPECTS IN 2021 A SUBSTANTIAL INCREASE IN SALES, AND
A 30%
INCREASE OF ITS ADJUSTED EBITDA
    * OUTLOOK NOT TAKING INTO ACCOUNT CONTRIBUTION FROM
FOAMPARTNER
ACQUISITION NOR RELATED SYNERGIES
    * BOD HAS COMPLETED THE STRATEGIC REVIEW OF THE BEDDING
BUSINESS
SEGMENT AND DECIDED TO DIVEST THE SEGMENT IN ORDER TO FOCUS ON
THE CORE SEGMENTS INSULATION AND ENGINEERED FOAMS

Source text: https://bit.ly/3uBgiD9
Further company coverage:  RECT.BR 

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