Spie: FY 2018 net income, group share reaches E91.4m
(CercleFinance.com) - Consolidated Group Production amounted to 6,671.
3 million euros in 2018, up 8.9% compared to 2017, reflecting organic growth of +2.6%, a contribution of +7.0% from acquisitions, a -0.3% impact from disposals and a currency effect of -0.3%.
Group EBITA amounted to 400.0 million euros, up 3.1% compared to 2017 (+4.2% compared to the pro-forma level of 2017). Spie's EBITA margin was 6.0%, slightly higher than the 2017 pro-forma level (5.9%).
Adjusted net attributable income (before the amortisation of allocated goodwill and extraordinary items) amounted to 216.2 million euros, up +1.8% compared to 2017. Net income, group share amounted to 91.4 million euros (compared with 110.4 million euros in 2017).
In 2019, management aims to increase its production by between 2.5% and 4.5% at constant exchange rates, including bolt-on acquisitions, with total annualised acquired sales through bolt-on acquisitions of around 200 million euros, a consolidated EBITA margin of at least 6.0%, a cash conversion ratio of around 100%, coupled with a continued reduction in its financial leverage.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
3 million euros in 2018, up 8.9% compared to 2017, reflecting organic growth of +2.6%, a contribution of +7.0% from acquisitions, a -0.3% impact from disposals and a currency effect of -0.3%.
Group EBITA amounted to 400.0 million euros, up 3.1% compared to 2017 (+4.2% compared to the pro-forma level of 2017). Spie's EBITA margin was 6.0%, slightly higher than the 2017 pro-forma level (5.9%).
Adjusted net attributable income (before the amortisation of allocated goodwill and extraordinary items) amounted to 216.2 million euros, up +1.8% compared to 2017. Net income, group share amounted to 91.4 million euros (compared with 110.4 million euros in 2017).
In 2019, management aims to increase its production by between 2.5% and 4.5% at constant exchange rates, including bolt-on acquisitions, with total annualised acquired sales through bolt-on acquisitions of around 200 million euros, a consolidated EBITA margin of at least 6.0%, a cash conversion ratio of around 100%, coupled with a continued reduction in its financial leverage.
Copyright (c) 2019 CercleFinance.com. All rights reserved.