Brief: Showroomprive FY EBITDA Up At EUR 42 Million

SRP Groupe SA

11/03/2021 17:25

March 11 (Reuters) - SRP GROUPE SA  SRPG.PA :
    * SUCCESS OF THE PERFORMANCE PLAN AND BUSINESS MODEL
TRANSFORMATION - PROFITABLE GROWTH FORECAST FOR 2021
    * 2020 RECORD EBITDA OF EUR 42.0 MILLION COMPARED TO EUR
31.4
MILLION EBITDA LOSS IN 2019
    * OUR AMBITION IN 2021 WILL BE TO MAINTAIN THIS TRAJECTORY,
BOTH
IN TERMS OF BUSINESS VOLUMES AND PROFITABILITY
    * 2020 GROSS CASH AND CASH EQUIVALENTS OF EUR 130.8 MILLION
WITH
POSITIVE FREE CASH FLOW OF EUR31.4 MILLION
    * SHOWROOMPRIVÉ IS TARGETING ANOTHER YEAR OF PROFITABLE
GROWTH IN
2021
    * FY21 OUTLOOK: GROUP WILL FOCUS ON INVENTORY MANAGEMENT,
CONTINUED RATIONALISATION OF LOGISTICS, AS WELL AS RAMP-UP OF
ITS NEW AUTOMATED WAREHOUSE
    * 2020 NET PROFIT EUR 13.9 MILLION VERSUS LOSS OF EUR 70.5
MILLION
YEAR AGO
    * NET DEBT OF EUR-11.0 MILLION AS AT 31 DECEMBER 2020 ,
COMPARED
TO NET DEBT OF EUR 29.4 MILLION AS AT 31 DECEMBER 2019
    * 2020 NET REVENUES EUR 697.5 MILLION VERSUS EUR 615.6
MILLION
YEAR AGO

Source text for Eikon:  ID:nACT68214 
Further company coverage:  SRPG.PA 

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