Brief: Showroomprive Nine-Month Revenues Up At Eur 522.9 Million

SRP Groupe SA

21/10/2021 17:53

Oct 21 (Reuters) - SRP Groupe SA  SRPG.PA :
    * 2021 NINE-MONTH BUSINESS REVIEW REVENUES: EUR 522.9
MILLION (UP
12.5%) INCLUDING AN EXPECTED MARKET DOWNTURN IN Q3
    * Q3 REVENUES DOWN 16.8% VERSUS Q3 2020 BUT UP 7.8% VERSUS
Q3 2019
    * SIGNIFICANT CASH POSITION OF EUR 95.2 MILLION AND NET CASH
OF
EUR 31.8 MILLION AT 30 SEPTEMBER 2021 (EXCLUDING. IFRS 16
IMPACT)
    * TARGET FULL-YEAR 2021 EBITDA ABOVE 2020 EBITDA
    * OUTLOOK AND AMBITIONS FOR PROFITABLE GROWTH IN 2021
CONFIRMED
    * THIERRY PETIT HAS ANNOUNCED THAT HE WILL STEP DOWN FROM
HIS
OPERATIONAL FUNCTIONS AT END OF 2021, WHILST STAYING ON AS A
BOARD MEMBER OF SHOWROOMPRIVÉ AS VICE CHAIRMAN OF BOARD OF
DIRECTORS, AS WELL AS A CORE SHAREHOLDER
    * DAVID DAYAN WILL STAY ON AS CHAIRMAN AND CEO AND FRANÇOIS
DE
CASTELNAU, CURRENTLY CHIEF FINANCIAL OFFICER, WILL BE APPOINTED
DEPUTY CEO AS OF 1 JANUARY 2022

Source text for Eikon:  ID:nACT71586 
Further company coverage:  SRPG.PA 

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