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BRIEF-Duro Felguera FY EBITDA Turns To Positive At 20.1 Mln Euros YoY

Published 02/03/2020, 05:27 pm
Updated 02/03/2020, 05:28 pm
© Reuters.  BRIEF-Duro Felguera FY EBITDA Turns To Positive At 20.1 Mln Euros YoY

March 2 (Reuters) - Duro Felguera SA MDF.MC :

* SAID ON SATURDAY FY NET PROFIT 10.9 MILLION EUROS VERSUS 99.4 MILLION EUROS YEAR AGO

* FY POSITIVE EBITDA 20.1 MILLION EUROS VERSUS NEGATIVE 124.4 MILLION EUROS YEAR AGO

* FY SALES 397.6 MILLION EUROS VERSUS 421.3 MILLION EUROS YEAR AGO

* PORTFOLIO 464.2 MILLION EUROS AT END-DECEMBER VERSUS 779.3 MILLION EUROS YEAR AGO

* FY ORDER INTAKE 105.5 MILLION EUROS VERSUS 78.8 MILLION EUROS YEAR AGO

* BOARD DECIDES TO WITHDRAW FINANCIAL SUPPORT TO ITS COMMERCIALLY INACTIVE AUSTRALIAN UNIT DURO FELGUERA AUSTRALIA PTY LTD (DFA), AND AS A CONSEQUENCE DFA LEAVES THE CONSOLIDATION PERIMETER OF DURO FELGUERA

* DURO FELGUERA HAS PROCEEDED TO RECORD THE FAIR VALUE OF DFA LIABILITIES AT END-DECEMBER 2019 WITH A NEGATIVE IMPACT ON CONSOLIDATED RESULT OF THE GROUP OF 8 MILLION EUROS

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