March 26, 2020 / 7:21 AM / 6 days ago

BRIEF-Vetoquinol FY EBITDA Up At 65.4 Million Euros

March 26 (Reuters) - VETOQUINOL SA:

* FY NET INCOME GROUP SHARE: EUR 28.6M (7.2% OF SALES)

* FY NET INCOME GROUP SHARE EUR 28.6M (-EUR 7.7M)

* FY EBITDA EUR 65.4 MILLION VERSUS EUR 60.4 MILLION YEAR AGO

* VETOQUINOL HAS CONFIRMED ITS ELIGIBILITY FOR THE FRENCH PEA-PME PERSONAL EQUITY PLAN

* FY TOTAL SALES EUR 396.0 MILLION VERSUS EUR 367.9 MILLION YEAR AGO

* ON CORONAVIRUS: CONSIDERS THAT Q2 2020 SALES AND RESULTS WILL BE NEGATIVELY IMPACTED

* ON CORONAVIRUS: GROUP’S FINANCIAL STRUCTURE IS SOUND; THE NET CASH AVAILABLE WILL BE SUFFICIENT TO WEATHER THIS CRISIS

* TOTAL GROUP NET CASH STOOD AT EUR 72.4M AT DECEMBER 31, 2019

* BOARD WILL SUBMIT A DRAFT DIVIDEND AMOUNTING TO EUR 0.48 PER SHARE TO THE MAY 26, 2020 SHAREHOLDERS MEETING

* BOARD OF DIRECTORS MAY HOWEVER OPT TO MODIFY THIS DIVIDEND PRIOR TO THE ANNUAL SHAREHOLDERS’ MEETING UNDER THE COVID-19 CONTEXT Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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