Brief: Van De Velde FY EBITDA Up At 48.6 Million Euros (After IFRS 16)

Van de Velde NV

27/02/2020 07:36

Feb 27 (Reuters) - VAN DE VELDE NV  VELD.BR :
    * FY TURNOVER DECREASED BY 3.0% TO €197.0M
    * FY EBITDA INCREASED BY 17.0% TO €41.9M AND RESULTS IN
€48.6M
(AFTER IFRS 16)
    * CASH POSITION AT THE END OF 2019 WAS EUR 41.4 MILLION
VERSUS EUR
15.7 MILLION AT THE END OF 2018 
    * IN 2020, WE WILL FURTHERMORE FOCUS ON OUR RETAIL PARTNERS
    * 2020 VISION IS: REGAINING SUSTAINABLE GROWTH THROUGH A
STRONGER
BRAND OFFERING AND BETTER SERVICE
    * CONVINCED THAT FOUNDATIONS ARE PRESENT TO MAKE VAN DE
VELDE GROW
AGAIN IN 2021
    * SAYS FY NET TURNOVER AMOUNTED TO €21.2M (EXCLUDING IFRS
16)
    * SAYS WILL PROPOSE TO THE GENERAL MEETING OF SHAREHOLDERS A
STABLE DIVIDEND OF €1.03 PER SHARE
    * SAYS WILL LAUNCH A SHARE BUY-BACK PROGRAM
    * SAYS SOLVENCY REMAINS VERY STRONG (81.8% AT THE END OF
2019
VERSUS 79.6% AT THE END OF 2018)

Source text for Eikon:  ID:nNDL7tN2yZ 
Further company coverage:  VELD.BR 

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