Brief: Sogeclair FY EBITDA Down At EUR 6.5 Mln

Sogeclair SA

17/03/2021 17:24

March 17 (Reuters) - SOGECLAIR SA  SCLR.PA :
    * FY REVENUE FELL 33.5% TO 123.1 MILLION EUR
    * SOGECLAIR IS FORECASTING, AFTER AN UNFAVOURABLE Q1, A
SLIGHT
GROWTH FOR 2021
    * DECISIONS TAKEN IN FIRST HALF OF 2020 HAVE ENABLED A
RETURN TO
PROFITABILITY FROM SECOND HALF OF 2020
    * 2020 OPERATIONAL FREE CASH FLOW AMOUNTED TO EUR 25.8M
    * TO PROPOSE TO GENERAL MEETING OF SHAREHOLDERS ON MAY
12(TH)
2021, A DIVIDEND MAINTAINED AT EUR 0.90 PER SHARE
    * COST STRUCTURE, WHICH HAS ALREADY BEEN ADAPTED, AND
EVOLUTION OF
OFFER TOWARDS A HIGHER ADDED VALUE WILL BE DRIVING FORCE BEHIND
AN IMPROVEMENT IN MARGIN
    * FY EBITDA EUR 6.5 MILLION VERSUS EUR 16.9 MILLION YEAR AGO
    * FY NET LOSS GROUP SHARE EUR 14.3 MILLION VERSUS PROFIT OF
EUR
5.0 MILLION YEAR AGO

Source text for Eikon:  ID:nGNE4fbzGy 
Further company coverage:  SCLR.PA 

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