Brief: Uniti FY EBITDA Up At 6.4 Million Euros, Confidence In Long-Term Model

Uniti SA

14/05/2020 10:22

May 14 (Reuters) - UNITI SA  ALUNT.PA :
    * REPORTED ON WEDNESDAY FY REVENUE UP 36.6% TO EUR 70.7 MLN
(VS.
EUR 51.7 MLN AT DECEMBER 31, 2018)
    * FY EBITDA UP 50% TO EUR 6.4 MLN (9.0% MARGIN) VS. EUR 4.3
MLN IN
2018 (8.3% MARGIN)
    * BACKLOG AT A HISTORIC LEVEL OF EUR 750 MLN
    * CONFIDENCE IN THE LONG-TERM STRENGTH OF THE MODEL
    * WILL HAVE TO DEAL WITH A POSTPONEMENT OF CERTAIN BULK
SALES OF
PROJECTS TO INSTITUTIONAL INVESTORS, WHICH WILL BE MECHANICALLY
POSTPONED TO 2021 OR EVEN 2022
    * STOPPED CONSTRUCTION SITES WILL ALSO HAVE AN IMPACT ON THE
YEAR'S PERFORMANCE DUE TO THE DELAY IN REVENUE RECOGNITION 

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nACT63505
    
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