Brief: Savencia SA FY NET INCOME EUR 68 MLN

Savencia SA

09/03/2023 17:32

March 9 (Reuters) - Savencia SA  SAVEN.PA :
    * 2022 ANNUAL RESULTS
    * FY NET INCOME GROUP SHARE DOWN TO EUR 68 MILLION
    * GROUP'S CURRENT OPERATING MARGIN, AT 3.6%, IS DOWN 80
BASIS
POINTS COMPARED TO 2021
    * THE BOARD OF DIRECTORS WILL PROPOSE TO THE GENERAL MEETING
ON 27
APRIL THE DISTRIBUTION OF A DIVIDEND OF 1.30 EURO PER SHARE
    * FY OPERATING PROFIT, AT EUR 162.9 MILLION, OR 2.5% OF
SALES,
DECREASED BY EUR 10.1 MILLION.
    * FY CURRENT OPERATING RESULT EUR 234.3 MILLION
    * VISIBILITY FOR 2023 REMAINS AFFECTED BY EVOLUTION OF
INFLATION
WITH RESIDUAL RISKS OF SHORTAGES AND ADJUSTMENTS IN CONSUMPTION
PATTERNS
    * VISIBILITY FOR 2023 REMAINS AFFECTED BY CONTINUATION OF
ARMED
CONFLICT IN EASTERN EUROPE AND ITS CONSEQUENCES ON SLOWING
GROWTH OF WORLD ECONOMIES
    * VISIBILITY FOR 2023 REMAINS AFFECTED BY PACE OF RECOVERY
OF
CHINESE ECONOMY, WORLD'S LARGEST IMPORTER OF DAIRY PRODUCTS
    * AT EUR 6,551 MILLION AS OF 31 DECEMBER 2022, SAVENCIA
FROMAGE &
DAIRY GROUP'S FY SALES INCREASED BY EUR 941 MILLION OR 16.8%
OVER PREVIOUS YEAR

Source text for Eikon:  ID:nGNE5hf6wW 
Further company coverage:  SAVEN.PA 

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