Brief: Solocal FY Recurring EBITDA Up At 191 Million Euros

Solocal SE

27/02/2020 07:37

Feb 27 (Reuters) - SOLOCAL GROUP SA  LOCAL.PA :  
    
    * REPORTED ON WEDNESDAY FY RECURRING EBITDA: EUR 191
MILLION, UP
+2.2% AS PER SAME ACCOUNTING STANDARDS
    * FY CASH POSITION: EUR 42 MILLION AS AT 31 ST DECEMBER 2019
    * FY DIGITAL REVENUES: EUR 521 MILLION,-8.8% RESULTING FROM
THE
DECREASE IN ORDER INTAKE IN H2 2018 AND H1 2019
    * BACK TO GROWTH IN DIGITAL REVENUES IN THE SECOND HALF 2020
    * ACCELERATION IN DIGITAL EBITDA GROWTH IN 2020
    * OPERATING FREE CASH FLOW 7> EUR 90 MILLION
    * IN 2019, GROUP TOTAL ORDER INTAKE AMOUNTED TO EUR 564
MILLION,
DOWN -4.9% OVER 2018
    * THE TOTAL ORDER BACKLOG6 AMOUNTS TO EUR 360 MILLION AS AT
31
DECEMBER 2019, UP +4.7% COMPARED TO 30 SEPTEMBER 2019
    * SOLOCAL CONFIRMS THE RETURN TO GROWTH IN DIGITAL REVENUES
IN THE
SECOND HALF 2020 AS WELL AS ACCELERATION IN DIGITAL EBITDA
GROWTH IN 2020
    * FURTHERMORE, SOLOCAL SHOULD GENERATE OPERATING FREE CASH
FLOW OF
AT LEAST EUR 90 MILLION IN 2020
    * EXPECTS IN 2020 STABILISATION IN THE CUSTOMER BASE AS A
RESULT
OF AN INCREASE IN CUSTOMER ACQUISITION AND A REDUCTION IN CHURN
    * WE ARE CONFIDENTLY PURSUING OUR JOURNEY FORWARD TOWARDS
NEW
SOLOCAL: 100% DIGITAL, ON GROWTH TRAJECTORY, WITH EBITDA MARGIN
ABOVE 30% AND SIGNIFICANT GENERATION OF OPERATING CASH FLOW -
CEO

   
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