Brief: EPC Groupe FY Net Result Swings To Profit Of EUR 6.7 Million

Soc D Explosifs Produits Chimiques SA

22/03/2022 17:16

March 22 (Reuters) - Soc D Explosifs Produits Chimiques SA
 EEPC.PA :
    * FY NET PROFIT OF €6.7M
    * FY CURRENT OPERATING PROFITABILITY RESTORED TO €17.4M
    * FY TURNOVER UP BY 11.5%
    * FY NET RESULT €6.7 MILLION COMPARED TO LOSS OF EUR 18.1
MILLION
IN 2020
    * CASH FLOW FROM OPERATING ACTIVITIES IN 2021 WILL BE €28M
COMPARED TO 40.3 MILLION IN 2020
    * BOARD OF DIRECTORS WILL PROPOSE TO GENERAL MEETING OF
SHAREHOLDERS THAT NO DIVIDEND BE PAID FOR THE FINANCIAL YEAR
2021
    * THE UPWARD TRENDS IN RAW MATERIALS, PARTICULARLY AMMONIUM
NITRATE, WHICH BEGAN AT THE END OF 2021, CONTINUE INTO 2022
    * IF THE AVAILABILITY OF RAW MATERIALS DOES NOT SUDDENLY
SLOW DOWN
AS A RESULT OF GEOPOLITICAL UNCERTAINTIES AND IF THE ECONOMY
DOES NOT ENTER INTO A SHARP RECESSION, WE CAN EXPECT THE 2022
FINANCIAL YEAR TO CONFIRM THE RETURN OF PROFITABLE GROWTH

Source text for Eikon:  ID:nNDL8B1kc1 
Further company coverage:  EEPC.PA 

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