Brief: Xilam Animation FY Net Profit Up At 6.9 Million Euros

Xilam Animation SA

26/03/2020 17:45

March 26 (Reuters) - Xilam Animation SA  XIL.PA :
    * FY NET PROFIT ROSE 33 PERCENT TO 6.9 MILLION EUR
    * FY REVENUE GROWTH: +10%
    * FY STRONG GROWTH IN PROFITABILITY: OPERATING INCOME +24%
AND NET
INCOME +33%
    * HAS NOT IDENTIFIED ANY ADVERSE IMPACT OF COVID-19 EPIDEMIC
ON
ITS PRODUCTION OR SALES ACTIVITIES
    * FY CURRENT OPERATING INCOME IFRS 16 EUR 9.2 MILLION VERSUS
EUR
8.4 MILLION YEAR AGO
    * FY NET INCOME IFRS 16 EUR 6.9 MILLION VERSUS EUR 5.2
MILLION
YEAR AGO
    * ANTICIPATES THAT ANY DISPLACEMENT EXPERIENCED DURING
CONTAINMENT
WEEKS WILL BE MADE UP BY 2021
    * IN EVENT THAT CONTAINMENT CONTINUES BEYOND CURRENT
EXPECTATIONS,
COMPANY WILL PROVIDE NEW GUIDANCE ON ITS PROSPECTS
    * FY TOTAL REVENUE EUR  30.1 MILLION VERSUS EUR 28.0 MILLION
YEAR
AGO
    * XILAM HAD AVAILABLE CASH OF EUR 20.0 MILLION AT 31
DECEMBER 2019
(VERSUS. EUR 2.3 MILLION AT 31 DECEMBER 2018)
    * END-DEC 2019 GROUP'S NET DEBT HAS BEEN REDUCED TO €3.5
MILLION
VERSUS €7.8 MILLION AT END DECEMBER 2018
    * HAS ANNOUNCED NEW CUMULATIVE REVENUE TARGETS USING 2-YEAR
CYCLES: EUR 78 MILLION FOR FISCAL YEARS 2020-2021 AND EUR 110
MILLION FOR FISCAL YEARS 2022-2023
    * END-DEC SHAREHOLDERS' EQUITY AMOUNTED TO €55.3 MILLION
(VERSUS.
€48.2 MILLION)

Source text for Eikon:  ID:nBw7Fx2DCa 
Further company coverage:  XIL.PA 

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