Brief: SRP Groupe FY Net Income Up At Eur 27.3 Million

SRP Groupe SA

10/03/2022 17:17

March 10 (Reuters) - SRP Groupe SA  SRPG.PA :
    * FY GMV EUR 992 MILLION
    * FY EBITDA EUR 48.2 MILLION VERSUS EUR 42.0 MILLION YEAR
AGO
    * FY REVENUE EUR 724 MILLION, UP 3.8%
    * FY NET INCOME EUR 27.3 MILLION VERSUS EUR 13.9 MILLION
YEAR AGO
    * OUTLOOK: ANTICIPATES A DECREASE IN SALES IN THE FIRST HALF
OF
THE YEAR AND INCREASED PRESSURE ON ITS PURCHASING CONDITIONS,
THUS IMPACTING ITS GROSS MARGIN
    * OUTLOOK: EXPECTS A RECOVERY IN BUSINESS DYNAMICS IN THE
SECOND
HALF OF THE YEAR
    * NET CASH OF €32.3 MILLION AT DECEMBER 31, 2021
    * OUTLOOK:  THE GROUP IS READY FOR REBOUND BY AIMING FOR
EXCELLENCE IN ITS CORE BUSINESS AND BY DEVELOPING ATTRACTIVE
GROWTH DRIVERS
    * OUTLOOK: TIMING OF THIS REBOUND REMAINS SUBJECT TO RETURN
TO
NORMALIZATION OF PRODUCTION AND SUPPLY CAPACITIES AND
MACROECONOMIC AND GEOPOLITICAL CONTEXT
    * OUTLOOK: ONGOING INVESTMENTS TO ADAPT VALUE PROPOSITION,
EXPAND
DEVELOPMENT MODEL WILL HAVE  NEGATIVE IMPACT ON EBITDA IN COMING
MONTHS
    * OUTLOOK: IN A POST-COVID-19 ECONOMY, OBJECTIVE IS TO AIM
FOR
PROFITABLE, CASH-GENERATING GROWTH OVER LONG TERM
    * WE NOW HAVE CLEAR AMBITION: TO BE REFERENCE PLATFORM FOR
SMART
SHOPPING BY SUPPORTING THE DIGITALIZATION OF PARTNER BRANDS AND
PROMOTING ACCESSIBLE AND SUSTAINABLE CONSUMPTION FOR MEMBERS OF
OUR COMMUNITY

Source text for Eikon:  ID:nNDL63jxcY 
Further company coverage:  SRPG.PA 

 (Gdansk Newsroom)