Brief: Seche Environnement Confirms Targets For 2019 and 2020

Seche Environnement SA

17/12/2019 06:19

Dec 17 (Reuters) - Seche Environnement SA  CCHE.PA :
    * TARGETS FOR 2019 CONFIRMED
    * 2020 TARGETS PARTIALLY ACHIEVED IN 2019
    * ECONOMIC AND FINANCIAL ROADMAP THROUGH TO 2022:
CONTRIBUTED
REVENUE (2019 SCOPE) BETWEEN EUR 750M AND EUR 800M WITH AROUND
30% FROM INTERNATIONAL OPERATIONS
    * ECONOMIC AND FINANCIAL ROADMAP THROUGH TO 2022: OPERATING
MARGIN: INCREASE IN EBITDA TO BETWEEN 21% AND 22% OF CONTRIBUTED
REVENUE
    * ECONOMIC AND FINANCIAL ROADMAP THROUGH TO 2022: FREE CASH
FLOW
GENERATION(5) EQUAL TO 35% OF EBITDA
    * ECONOMIC AND FINANCIAL ROADMAP THROUGH TO 2022: FINANCIAL
LEVERAGE(6) RATIO BELOW 3.0X EBITDA
    * NEW PLAN WILL ADD TO EXISTING ONE AND GENERATE SAVINGS OF
EUR
10M IN 2020 (VERSUS. EUR 5M INITIALLY ANNOUNCED FOR 2020)
    * SÉCHÉ ENVIRONNEMENT EXPECTS AN IMPROVEMENT IN ALL ITS
RESULTS IN
2019 COMPARED TO 2018
    * 2020 TARGETS CONFIRMED

Source text for Eikon:  ID:nBw6sgzjGa 
Further company coverage:  CCHE.PA 

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