Brief: Savencia Reports Stable Sales And Income For H1 2020

Savencia SA

03/09/2020 17:50

Sept 3 (Reuters) - SAVENCIA SA  SAVEN.PA :
    * STABLE SALES AND OPERATING PERFORMANCE PRESERVED FOR H1
    * H1 NET INCOME GROUP SHARE EUR 27 MILLION VERSUS EUR 27
MILLION
YEAR AGO
    * H1 NET SALES EUR 2.41 BILLION VERSUS EUR 2.43 BILLION YEAR
AGO
    * H1 CURRENT OPERATING PROFIT EUR 92 MILLION VERSUS EUR 95
MILLION
YEAR AGO
    * THE GROUP'S FINANCIAL POSITION REMAINS SOLID, WITH
SHAREHOLDERS'
EQUITY OF €1,555 MILLION AT END-JUNE
    * GROUP CONTINUES TO DEPLOY ITS OXYGEN CSR PLAN, AS WELL AS
ITS
COMPETITIVENESS AND TRANSFORMATION EFFORTS
    * ACTIVITY IN THE SECOND HALF OF THE YEAR COULD BE IMPACTED
BY
GREATER SENSITIVITY TO CONSUMER PRICES, IN A ECONOMIC CRISIS,
AND BY PERSISTENT DIFFICULTIES THE FOOD SERVICE SECTOR
    * END-JUNE NET DEBT EXCLUDING IFRS 16 REPRESENTING 35% OF
CONSOLIDATED SHAREHOLDERS' EQUITY VERSUS 46% AT JUNE 30, 2019

Source text for Eikon:  ID:nGNE8XG1kd 
Further company coverage:  SAVEN.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7785110;))