Spie: FY net income up 65.6% at E151.4m
(CercleFinance.com) - Consolidated production reached 6,927.
3 million euros in 2019, up 3.8% from 2018, including organic growth of +1.6%.
The group's 2019 EBITA came in at 415.7 million euros, up 3.9% compared to 2018. Its EBITA margin stood at 6.0%, stable compared to 2018. Adjusted net income (group share) reached 229.2 million euros, up 6.0% y-o-y.
Net income (group share) rebounded significantly in 2019, reaching 151.4 million euros, against 91.4 million euros in 2018 (+65.6%). Free cash flow was again very high in 2019, at 285.3 million euros.
In 2020 SPIE expects to continue with solid overall growth in its production at constant exchange rates, with around 200 million euros in annualised sales acquired through bolt-on acquisitions. It expects an EBITA margin of at least 6.0%, a continuation in strong generation of free cash flow, resulting in financial leverage of under 2.5x (excluding the impact of IFRS 16).
Copyright (c) 2020 CercleFinance.com. All rights reserved.
3 million euros in 2019, up 3.8% from 2018, including organic growth of +1.6%.
The group's 2019 EBITA came in at 415.7 million euros, up 3.9% compared to 2018. Its EBITA margin stood at 6.0%, stable compared to 2018. Adjusted net income (group share) reached 229.2 million euros, up 6.0% y-o-y.
Net income (group share) rebounded significantly in 2019, reaching 151.4 million euros, against 91.4 million euros in 2018 (+65.6%). Free cash flow was again very high in 2019, at 285.3 million euros.
In 2020 SPIE expects to continue with solid overall growth in its production at constant exchange rates, with around 200 million euros in annualised sales acquired through bolt-on acquisitions. It expects an EBITA margin of at least 6.0%, a continuation in strong generation of free cash flow, resulting in financial leverage of under 2.5x (excluding the impact of IFRS 16).
Copyright (c) 2020 CercleFinance.com. All rights reserved.