Brief: Savencia FY Operating Profit Up At EUR 173.0 Mln

Savencia SA

10/03/2022 17:58

March 10 (Reuters) - Savencia Sa  SAVEN.PA :
    * FY OPERATING PROFIT ROSE 10.6 PERCENT TO 173 MILLION EUR
    * FY NET INCOME GROUP SHARE EUR 82.9 MILLION VERSUS EUR 78.8
MILLION YEAR AGO
    * THE BOARD OF DIRECTORS WILL PROPOSE TO THE ANNUAL
SHAREHOLDERS’
MEETING ON 21 APRIL THE DISTRIBUTION OF A DIVIDEND OF €1.50 PER
SHARE
    * THE INTERNATIONAL CRISIS DEVELOPING IN EASTERN EUROPE WILL
SIGNIFICANTLY INCREASE INFLATIONARY TENSIONS AND THE RISKS OF
SHORTAGES THAT HAVE APPEARED SINCE THE END OF 2021
    * END-DEC NET DEBT EXCLUDING IFRS EUR 428 MILLION VERSUS EUR
446
MILLION YEAR AGO
    * THE INTERNATIONAL CRISIS SHOULD IMPACT SAVENCIA FROMAGE &
DAIRY’S PERFORMANCE
    * IN THIS UNCERTAIN CONTEXT, THE GROUP SHALL PURSUE ITS
ACTIVITIES, TAKING PARTICULAR CARE OF THE SAFETY OF ITS PEOPLE
AND ITS MILK PRODUCERS
    * REACTIVITY SHOWN BY GROUP DURING HEALTH CRISIS WILL BE KEY
ELEMENT FOR CONTINUING TO SECURE PROFITABLE GROWTH FOR ITS
BRANDS AND ITS COMPETITIVENESS

Source text for Eikon:  ID:nGNEc2J5kk 
Further company coverage:  SAVEN.PA 

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