Wendel: 2019 net income reaches E625.6m
(CercleFinance.com) - Wendel's consolidated sales rose by 2.
1% to 8,562.2 million euros, up 1.0% in organic terms.
"Most of the consolidated sales growth attributable to Bureau Veritas, which posted +6.3% total growth and +4.3% organic growth for the full year," the group said.
Net income from operations came in at 449.7 million euros, down 12.2 %. "The good performance of Bureau Veritas and the reduction in Wendel's financial expenses not totally offsetting the lower performance of unlisted assets and accounting (non-cash) items," it added.
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1% to 8,562.2 million euros, up 1.0% in organic terms.
"Most of the consolidated sales growth attributable to Bureau Veritas, which posted +6.3% total growth and +4.3% organic growth for the full year," the group said.
Net income from operations came in at 449.7 million euros, down 12.2 %. "The good performance of Bureau Veritas and the reduction in Wendel's financial expenses not totally offsetting the lower performance of unlisted assets and accounting (non-cash) items," it added.
Copyright (c) 2020 CercleFinance.com. All rights reserved.