Brief: Roche Bobois FY Net Profit Group Share Up At 9.3 Million Euros

Roche Bobois SA

26/03/2020 07:16

March 26 (Reuters) - ROCHE BOBOIS SA  RBO.PA :
    * AT 2019 YEAR-END, GROUP REVENUES CAME TO EUR 274.7M AT 31
DECEMBER 2019 COMPARED WITH EUR 257.0M AT 31 DECEMBER 2018,
RISING 6.9% (+5.2% AT CONSTANT EXCHANGE RATES)
    * FY CURRENT EBITDA EUR  45.8 MILLION VERSUS EUR 22.4
MILLION YEAR
AGO (‍IFRS (EURM) UNAUDITED DATA​)
    * FY NET PROFIT GROUP SHARE EUR 9.3 MILLION VERSUS EUR 6.3
MILLION
YEAR AGO ‍IFRS (EURM) UNAUDITED DATA​)
    * FY GROUP'S GROSS MARGIN IS UP 59.2% VERSUS 57.8% AT 31 DEC
2018
    * END FY OPERATING CASH FLOWS AT EUR 51.3M POSTED A STRONG
RISE,
FACTORING IN A POSITIVE EUR 21.4M CONTRIBUTION FROM APPLICATION
OF IFRS 16
    * ON CORONAVIRUS : PRODUCTION IN FRANCE, ITALY AND PORTUGAL,
AND
DELIVERIES, WERE CARRIED ON NORMALLY UP TO MID-MARCH 2020
    * ON CORONAVIRUS: IN VIEW OF EXCEPTIONAL CIRCUMSTANCES ROCHE
BOBOIS HAS, SINCE MID-MARCH, BEEN PROGRESSIVELY CLOSING DOWN ALL
ITS OWNED STORES IN FRANCE, EUROPE AND UNITED STATES/CANADA
DURING THIS PERIOD
    * IS EXPECTING A SIGNIFICANT, OR EVEN VERY SIGNIFICANT
RETREAT IN
ITS REVENUE FOR 2(ND) QUARTER 2020 AND IN INCOMING ORDERS
    * ON CORONAVIRUS: NOTE THAT, FOR CUIR CENTER IN CHINA,
SUPPLIERS'
FACTORIES ARE NOW OPERATING AT FULL SPEED
    * THE GROUP IS EXPECTING A LENGTHENING OF DELIVERY TIMES FOR
ORDERS BOOKED IN THE 1(ST) QUARTER OF 2020, BUT HAS RECORDED NO
ORDER CANCELLATIONS
    * AT END 2019, GROUP DISPOSABLE CASH HAD RISEN STRONGLY TO
EUR
31.1 MILLION VERSUS EUR 15.5 MILLION AT 31 DEC
    * ON CORONAVIRUS: SIGNATURE OF SHARE PURCHASE AGREEMENT
(SPA)
CONNECTED WITH ACQUISITION OF AMERICAN FRANCHISEE STORES HAS
BEEN POSTPONED
    * THE GROUP REMAINS ALIGNED WITH ITS POLICY, PLANNING 5 TO
10
FRANCHISED STORE OPENINGS IN 2020
    * GROUP’S FINANCIAL SOUNDNESS, WITH A STRONG AVAILABLE CASH
POSITION, ARE STRENGTHS WITH WHICH TO MANAGE THIS UNEXPECTED
CRISIS
    * FY POSITIVE NET CASH (EXCLUDING LEASE LIABILITIES):
EUR11.1M

Source text for Eikon:  ID:nACT62672 
Further company coverage:  RBO.PA 

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