Brief: Séché Environnement Announces Its Growth Strategy And Financial Objectives For 2020

Seche Environnement SA

26/06/2018 09:04

June 26 (Reuters) - SECHE ENVIRONNEMENT SA  CCHE.PA :
    * SÉCHÉ INVESTOR DAY 2018
    * SEES LIKE-FOR-LIKE REVENUES BETWEEN EUR 550M AND EUR 600M
IN
2020
    * SÉCHÉ 2020 PLAN: A STRATEGIC FRAMEWORK FOR PROFITABLE
GROWTH AND
VALUE CREATION
    * SEES CASH CONVERSION RATE(2) ABOVE 35% IN 2020
    * SEES LIKE-FOR-LIKE REVENUES(1) BETWEEN EUR 550M AND EUR
600M IN
2020
    * SEES LIKE-FOR-LIKE EBITDA OF AROUND 20% OF CONTRIBUTED
REVENUE
IN 2020
    * SÉCHÉ 2020 PLAN IS A CLEAR STRATEGIC FRAMEWORK FOR GROUP
TO
PROFIT FROM GROWTH OPPORTUNITIES ON ITS MARKETS AND CONTINUE
COMPANY'S TRANSFORMATION
    * 2020 FINANCIAL LEVERAGE TARGET OF ABOUT 3X EBITDA
CONFIRMED
    * DIGITAL TRANSFORMATION OF GROWTH MODEL THROUGH ITS BRAND
SÉCHÉCONNECT® MUST CONTRIBUTE TO MAXIMIZING VALUE CREATION
    * FINALIZING ITS FINANCIAL DEBT REFINANCING, WHICH INCLUDES
A NEW
CREDIT FACILITY FOR EUR 150M
    * CONFIRMS ITS LEVERAGE TARGET (NET FINANCIAL DEBT/EBITDA)
OF
AROUND 3X EBITDA BY END OF 2018
    * OVER 2018-2020 PERIOD, SÉCHÉ ENVIRONNEMENT IS PROJECTING
ORGANIC
GROWTH OF AROUND 3% PER YEAR FOR ITS FRENCH OPERATIONS AND
AROUND 10% INTERNATIONALLY
    * IS TARGETING A GROSS OPERATING MARGIN (EBITDA/REVENUE) FOR
ITS
FRENCH AND INTERNATIONAL OPERATIONS OF AROUND 20% BY 2020
    * FINALIZING ITS FINANCIAL DEBT REFINANCING: A BANKING AND
BOND
REFINANCING WITH A DEBT MATURITY BETWEEN 5 AND 8 YEARS
    * PURSUING  DEVELOPMENT STRATEGY THROUGH ORGANIC GROWTH AND
ACQUISITIONS, TARGETED TOWARDS COMPLEX  MARKETS
    * DEBT REFINANCING: SINGLE FINANCIAL RATIO OR LEVERAGE
COVENANT
FOR NET FINANCIAL DEBT / EBITDA, WHICH MAY BE INCREASED TO 4.25X
IN EVENT OF AN ACQUISITION
    * OVER 2018-2020 PERIOD PROJECTING ORGANIC GROWTH OF AROUND
3% PER
YEAR FOR ITS FRENCH OPERATIONS

Source text for Eikon:  ID:nBwx9kjwa 
Further company coverage:  CCHE.PA 

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