Brief: Romande Energie Holding FY Net Profit Down At CHF 36.4 Million

Romande Energie Holding SA

06/04/2020 06:12

April 6 (Reuters) - Romande Energie Holding SA  HREN.S :
    * REVENUES OF THE ROMANDE ENERGIE GROUP WERE STABLE RELATIVE
TO
2019 AT CHF 593.3 MILLION
    * INCREASE IN FY GROSS PROFIT TO CHF 306.9 MILLION
    * IN 2019, EBITDA DECREASED TO CHF 131.0 MILLION AND EBIT TO
CHF
65.0 MILLION
    * GROUP’S FY MARGINS HELD UP AT 22% AND 11% OF NET REVENUES,
RESPECTIVELY, COMPARED WITH 22% AND 12% IN 2018
    * NO CHANGE TO DIVIDEND
    * FORECASTS THAT 2020 OPERATING RESULTS WILL BE LOWER THAN
IN
2019.
    * WILL RECOMMEND TO SHAREHOLDERS AN ORDINARY DIVIDEND OF CHF
36
PER SHARE, UNCHANGED RELATIVE TO THE 2018 DIVIDEND
    * 2019 NET PROFIT WAS CHF 36.4 MILLION, DOWN CHF 17.7
MILLION
RELATIVE TO THE PREVIOUS YEAR

Source text for Eikon:  ID:nTENyhbvta 
Further company coverage:  HREN.S 

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