Brief: Seche Environnement FY EBITDA Rises To EUR 170 Million

Seche Environnement SA

07/03/2022 17:00

March 7 (Reuters) - SECHE ENVIRONNEMENT  CCHE.PA : 
    * CONSOLIDATED RESULTS AT DECEMBER 31, 2021
    * MAIN OBJECTIVES MET OR EXCEEDED ONE YEAR AHEAD OF SCHEDULE
    * ROADMAP THROUGH TO 2025 ORGANIC GROWTH: CONTRIBUTED
REVENUE
CLOSE TO EUR 1,000M;  PROFITABILITY: EBITDA BETWEEN 24% AND 25%
OF REVENUE
    * FY NET INCOME EUR 28M OR 3.9% OF REVENUE, +106%
    * DIVIDEND PROPOSED: EUR 1.00 PER SHARE (VERSUS. EUR 0.95
FOR YEAR
2020)
    * ROADMAP THROUGH TO 2025 : FLEXIBILITY: LEVERAGE < 3X
EBITDA
MID-CYCLE IF ACQUISITIONS
    * FY EBITDA: EUR 170M OR 23.1% OF REVENUE, +24%
    * FY CONTRIBUTED REVENUE: EUR 736M, +15%
    * OUTLOOK 2022: GROWTH IN CONTRIBUTED REVENUE: SCOPE EFFECT
STEMMING FROM INTEGRATION OF SÉCHÉ ASSAINISSEMENT ON JAN 1, 2022
AND 12-MONTH CONTRIBUTION FROM SPILL TECH; ORGANIC GROWTH BASED
ON H2 2021 TRENDS
    * OUTLOOK 2022: EBITDA MARGIN (EBITDA/CONTRIBUTED REVENUE)
CONFIRMED FOR AT LEAST LEVEL REACHED IN 2021; 2022 CAPEX:
SIMILAR TO 2021 GIVEN DEVELOPMENT INVESTMENTS

Source text for Eikon:  ID:nBw5fmMlla 
Further company coverage:  CCHE.PA 

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