Brief: Ter Beke FY Revenue Down At 717.4 Million Euros

Whats Cooking NV

01/03/2021 06:42

March 1 (Reuters) - Ter Beke NV  TERB.BR :
    * SOLID RESULTS IN THE SECOND HALF OF THE YEAR LARGELY
OFFSET THE
IMPACT OF COVID-19
    * DUE TO THE IMPACT OF COVID-19, FY CONSOLIDATED TURNOVER
DECREASES BY 1.5% FROM 728.1 MILLION TO 717.4 MILLION EUR
    * THE RESULTS OF H2 OF THE YEAR (U-EBITDA OF EUR 33.1
MILLION AND
EBITDA OF EUR 31 MILLION) SHOW THE RESILIENCE OF THE COMPANY
    * GROUP'S ANNUAL RESULT ENDS AT A U-EBITDA OF EUR 45.7
MILLION AND
AN EBITDA OF EUR 37.1 MILLION
    * AT EUR 35.8 MILLION, THE CASH FLOW FROM OPERATING
ACTIVITIES WAS
VIRTUALLY THE SAME AS IN 2019
    * DESPITE THE LOWER NET RESULT, THE BOARD OF DIRECTORS WILL
PROPOSE TO THE GENERAL ASSEMBLY TO MAINTAIN THE GROSS DIVIDEND
PER SHARE FOR 2020 AT EUR 4.00
    * PROSPECTS FOR 2021: SUBJECT TO UNFORESEEN CONDITIONS, THE
GROUP
IS CONFIDENT OF EXCEEDING THE EBITDA RESULT OF 2020 IN 2021
    * FY REVENUE EUR 717.4 MILLION VERSUS EUR 728.1 MILLION YEAR
AGO
    * FY LOSS AFTER TAXES (EAT) EUR -2.5 MILLION VERSUS PROFIT
OF EUR
4.4 MILLION YEAR AGO

Source text f: https://bit.ly/3uEwByV
Further company coverage:  TERB.BR 

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