Brief: SRP Groupe FY Ney Income Down At Eur 0.3 Mln

SRP Groupe SA

08/03/2023 17:32

March 8 (Reuters) - SRP Groupe SA  SRPG.PA :
    * FY OPERATING CASH FLOW OF EUR 18.4 MILLION AND POSITIVE
FREE
CASH FLOW OF EUR 2.2 MILLION
    * FY EBITDA POSITIVE AT 19.5 MEUR VERSUS 48.2 MEUR IN 2021
    * FY NET INCOME OF 0.3 MEUR, DOWN COMPARED TO FISCAL YEAR
2021 DUE
TO THE SHARP DECLINE IN ACTIVITY IN THE FIRST HALF
    * NET FINANCIAL DEBT INCLUDES EUR 15.4 MILLION OF LEASE
LIABILITIES (IFRS 16) AT DECEMBER 31, 2022. WITH THIS ACCOUNTING
ITEM, NET CASH AMOUNTS TO EUR 25.5 MILLION
    * BUSINESS GROWTH IN H2 2022 OF +4.9% COMPARED TO H2 2021,
BRINGING THE ANNUAL TURNOVER TO 657.4 MEUR
    * OUTLOOK: GOOD PERFORMANCE OF GROWTH DRIVERS (SRP SERVICES,
TRAVEL & LEISURE, MARKETPLACE) WHICH REMAIN PROMISING FOR 2023
    * OUTLOOK: IN 2023, THE GROUP'S SALES SHOULD BENEFIT FROM
THE
RAMP-UP OF INTERNATIONAL DEVELOPMENT AFTER THE CONSOLIDATION OF
THE BUSINESS MODEL IN FRANCE OVER THE LAST FEW YEARS

Source text for Eikon:  ID:nACT78855 
Further company coverage:  SRPG.PA 

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