Societe De Services De Participations, De Direction Et D'Elaboration SA logo

SPA - Societe De Services De Participations, De Direction Et D'Elaboration SA News Story

€185 1.0  0.5%

Last Trade - 07/05/21

Sector
Consumer Defensives
Size
Mid Cap
Market Cap £668.4m
Enterprise Value £622.1m
Revenue £232.1m
Position in Universe 281st / 848

BRIEF-Spadel FY Net Profit Stable At 27.3 Million Euros

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 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00 ;))
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