Brief: SergeFerrari FY Adjusted EBITDA Up At 23 Million Euros

Sergeferrari SA

11/03/2021 17:07

March 11 (Reuters) - SERGEFERRARI GROUP SA  SEFER.PA :
    * FULL-YEAR 2020 RESULTS
    * GOOD RESISTANCE OF EBIT DESPITE PARTICULAR CONTEXT IN 2020
    * IN 2020, SERGE FERRARI POSTED CONSOLIDATED REVENUES OF EUR
195.3
MILLION, OVER 80% OF WHICH WAS GENERATED OUTSIDE FRANCE
    * ROBUST FINANCIAL POSITION TO SUPPORT GROUP'S DEVELOPMENT
AMBITIONS
    * INTEGRATION OF ACQUISITIONS PERFECTLY IN LINE WITH
BUSINESS PLAN
    * GROUP WILL REQUEST SHAREHOLDER FOR WHOLE OF 2020 EARNINGS
TO BE
POSTED TO RESERVES AND THAT NO DIVIDEND WILL BE PAID IN RESPECT
OF YEAR
    * OVER MEDIUM TERM, CAPITALIZING ON SUCCESSFUL REFOCUS ON
FOUR
CORE MARKETS, SERGEFERRARI GROUP IS TARGETING CONSOLIDATED
REVENUES OF EUR 300 MILLION
    * IN VIEW OF SYNERGY PLAN, INCREASED OPERATING LEVERAGE AND
CONTINUED TIGHT COST CONTROL, GROUP ALSO AIMS TO ACHIEVE
EARNINGS GROWTH HIGHER THAN REVENUE GROWTH
    * FY ADJUSTED EBITDA REPORTED EUR 23.0 MILLION VERSUS EUR
21.6
MILLION YEAR AGO
    * FY NET INCOME GROUP SHARE EUR 0.5 MILLION VERSUS EUR 4.8
EUR
MILLION YEAR AGO
    * 2021 WILL SEE COMPLETION OF INDUSTRIAL INTEGRATION OF
VARIOUS
FACILITIES
    * SYNERGIES EXPECTED BY GROUP, WHICH WILL BEGIN TO HAVE A
MATERIAL
IMPACT IN 2022

Source text for Eikon:  ID:nBw7YB4rfa 
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