Brief: Ter Beke FY EBITDA Down At 37.2 Million Euros

Whats Cooking NV

28/02/2020 06:52

Feb 28 (Reuters) - Ter Beke NV  TERB.BR :
    * FY CONSOLIDATED TURNOVER INCREASED BY 7% FROM EUR 680.5
MILLION
TO EUR 728.1 MILLION
    * FY EBITDA EUR 37.2 MILLION VERSUS EUR 44.0 MILLION YEAR
AGO
    * AT EUR 39.7 MILLION, FY NET CASH FLOW FROM OPERATIONAL
ACTIVITIES IS ALMOST EQUAL TO THAT IN 2018
    * GROUP ESTIMATES THAT, SUBJECT TO UNFORESEEN MARKET
CIRCUMSTANCES, THE UNDERLYING EBITDA RESULT OF 2018 MAY BE
EXCEEDED IN 2020 (EUR 50.2 MILLION)
    * IN 2019, THE RESULT AFTER TAXES AMOUNTS TO EUR 4.4 MILLION
COMPARED TO EUR 7.2 MILLION IN 2018 (- 39.0%)
    * TO PROPOSE GROSS DIVIDEND OF EUR 4.00 FOR 2019
    * GROUP IS CONFIDENT THAT IN 2020, BARRING UNFORESEEN MARKET
CIRCUMSTANCES, IT WILL BE ABLE TO EXCEED THE UNDERLYING EBITDA
RESULT OF 2018 (EUR 50.2 MILLION).
    * ANNOUNCES THAT ON 15 MARCH 2020 RENÉ STEVENS, CFO, WILL
LEAVE
TER BEKE
    * HE WILL BE SUCCEEDED BY YVES REGNIERS (ESROH BV), WHO IS
CURRENTLY GROUP CONTROLLER

Source text: https://bit.ly/39aa5my
Further company coverage:  TERB.BR 

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