Brief: Spadel FY Net Profit Stable At 27.3 Million Euros

Societe de Services de Participations, de Direction et dElaboration SA

26/03/2021 17:21

March 26 (Reuters) - SOCIETE DE SERVICES DE PARTICIPATIONS,
DE DIRECTION ET D'ELABORATION SA  SPAB.BR :
    * FINISHED 2020 FY WITH A STABLE OPERATING RESULT (EBIT)
COMPARED
TO 2019 (+0.2%) DESPITE A DECLINE IN TURNOVER OF 10.7% (-5.5% AT
COMPARABLE SCOPE)
    * PROPOSED GROSS DIVIDEND: €2.00/SHARE (€1.40 NET) STABLE
COMPARED
TO LAST YEAR
    * FY GROUP'S CONSOLIDATED NET SALES, EXCLUDING EXCISE AND
ECOTAXES, AMOUNTED TO €266.6 MILLION, DOWN 10.7% COMPARED TO
2019
    * FY FINANCIAL INCOME AMOUNTS TO EUR 0.2 MILLION, SLIGHTLY
LOWER
THAN IN 2019 (EUR 0.4 MILLION)
    * FY NET PROFIT OF EUR 27.3 MILLION COMPARED TO EUR 27.0
MILLION
IN PREVIOUS YEAR
    * GROUP'S STRONG BALANCE SHEET STRUCTURE SHOULD ENABLE IT TO
WEATHER THIS UNPRECEDENTED CRISIS
    * GROUP ACHIEVED A SOLID PERFORMANCE BOTH FINANCIALLY AND IN
TERMS
OF SUSTAINABILITY, BUT REMAINS CAUTIOUS ABOUT THE OUTLOOK FOR
2021

Source text for Eikon:  ID:nNDL20jrkV 
Further company coverage:  SPAB.BR 

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