Brief: Vicat FY Consolidated Net Income Up At EUR 156 Mln

Vicat SA

15/02/2021 17:21

Feb 15 (Reuters) - Vicat SA  VCTP.PA :
    * 2020 RESULTS
    * FY EBITDA EUR 557 MILLION VERSUS EUR 526 MILLION YEAR AGO
    * FY CONSOLIDATED NET INCOME GROUP SHARE EUR 156 MILLION
VERSUS
EUR 149 MILLION YEAR AGO
    * FY REVENUE EUR 2.81 BILLION VERSUS EUR 2.74 BILLION YEAR
AGO
    * FY SALES GROWTH OF +5.5% AT CONSTANT SCOPE AND EXCHANGE
RATES
    * INCREASE IN OPERATIONAL PROFITABILITY: FY  EBITDA* UP
+10.1% AND
EBIT** UP +17.5% AT CONSTANT SCOPE AND EXCHANGE RATES
    * IN 2021, MACROECONOMIC CONDITIONS IN ALL OF THE COUNTRIES
WHERE
THE GROUP OPERATES ARE STILL LIKELY TO BE AFFECTED BY THE
COVID-19 PANDEMIC TO VARYING DEGREES
    * IN FRANCE, GROUP ANTICIPATES A LESS DYNAMIC PERFORMANCE IN
THE
THIRD QUARTER AS A RESULT OF THE VERY STRONG REBOUND IN THE SAME
PERIOD OF 2020
    * DECREASE IN NET FINANCIAL DEBT OF -€88 MILLION TO €1,202
MILLION
AND LEVERAGE RATIO*** AT 2.16X VERSUS. 2.45X AT 31 DECEMBER 2019
    * GROUP EXPECTS ITS EBITDA TO RISE AT CONSTANT SCOPE AND
EXCHANGE
RATES OVER 2021
    * END FY CASH FLOW CAME TO €461 MILLION, UP +8.3% ON A
REPORTED
BASIS AND UP +12.9% AT CONSTANT SCOPE AND EXCHANGE RATES,
REFLECTING THE SHARP INCREASE IN EBITDA GENERATED OVER THE YEAR.
    * TO MAINTAIN THE DIVIDEND AT €1.50 PER SHARE

Source text for Eikon:  ID:nNDL7zJryP 
Further company coverage:  VCTP.PA 

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