Brief: SMCP Eyes 2023 Mid- To High-Single Digit Sales Growth Y/Y

Smcp SA

02/03/2023 06:42

March 2 (Reuters) - SMCP SA  SMCP.PA :
    * 2022 FY RESULTS
    * RECORD SALES AT €332M IN Q4, UP +4% ON AN ORGANIC BASIS
VERSUS
2021
    * OUTLOOK 2023: MID- TO HIGH-SINGLE DIGIT SALES GROWTH
VERSUS 2022
AT CONSTANT EXCHANGE RATES
    * OUTLOOK 2023: ADJUSTED EBIT MARGIN UP VERSUS. 2022
    * GROUP GENERATED EUR 34M OF FREE CASH FLOW IN 2022
    * OUTLOOK MID-TERM: MID- TO HIGH-SINGLE DIGIT SALES GROWTH
UNTIL
2026 AND MID-SINGLE DIGIT GROWTH AFTER 2026
    * OUTLOOK MID-TERM: GROSS MARGIN RATIO AT 75%
    * TARGET AN ADJUSTED EBIT MARGIN OF 12% BY 2026, THEN
GROWING BY
AROUND 0.5 POINT PER YEAR FOR FOLLOWING YEARS

Source text for Eikon:  ID:nGNE2FshvS 
Further company coverage:  SMCP.PA 

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