RFRG - Refresco NV News Story
€20.8 0.5 2.3%
Last Trade - 25/04/18
| Market Cap | £n/a |
| Enterprise Value | £n/a |
| Revenue | £3.56bn |
| Position in Universe | th / 846 |
BRIEF-Refresco Q4 Adjusted EBITDA Down At 50 Million Euros
Mon 5th March, 2018 6:43am
March 5 (Reuters) - REFRESCO GROUP NV RFRG.AS :
* REG-REFRESCO REPORTS Q4 & FY 2017 RESULTS AND STARTS
INTEGRATION
OF COTT'S BOTTLING ACTIVITIES
* Q4 TOTAL VOLUME WAS 1,525 MILLION LITERS (Q4 2016: 1,631
MILLION LITERS)
* Q4 GROSS PROFIT MARGIN PER LITER WAS 14.6 EURO CENTS (Q4
2016:
14.5 EURO CENTS)
* Q4 ADJUSTED EBITDA AMOUNTED TO EUR 50 MILLION (Q4 2016:
EUR 52
MILLION)
* REFRESCO WILL REFRAIN FROM PAYING A DIVIDEND OVER 2017
* FY REVENUE EUR 2.27 BILLION VERSUS EUR 2.11 BILLION YEAR
AGO
* IN THE MEDIUM TERM CO TARGETS AN AVERAGE ORGANIC VOLUME
GROWTH
IN THE LOW TO MID-SINGLE DIGITS BASED ON CURRENT MARKET OUTLOOK
* GROSS PROFIT MARGIN PER LITER IN THE MEDIUM TERM MAY COME
DOWN
MARGINALLY DUE TO PRODUCT MIX EECTS
* ON 22 JANUARY 2018 REFRESCO, PAI AND BCIMC ANNOUNCED
LAUNCH OF
RECOMMENDED CASH OFFER OF EUR 20 (CUM DIVIDEND) PER SHARE
* INTEGRATION OF COTT'S BOTTLING ACTIVITIES WILL HAVE
SIGNIFICANT
EFFECT ON CO VOLUMES, RESULTS, FINANCING AND CAPITAL
EXPENDITURES
Source text for Eikon: ID:nGNE1gR1tm
Further company coverage: RFRG.AS
(Gdynia Newsroom)
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