DERICHEBOURG : Approval of annual and consolidated financial statements, appropriation of profit
05 Février 2019 - 6:23PM
Shareholders'
Combined General Meeting
Approval of annual
and consolidated financial statements, appropriation of
profit
The Shareholders' Combined General
Meeting convened on February 5, 2019, approved without amendment
the annual and consolidated financial statements for the fiscal
year ended September 30, 2018, certified unreservedly by the
auditors and published in the annual financial report as scheduled
under article L.451-1-2 of the Monetary and Financial Code, itself
included in the Reference Document 2017-2018 filed with the
Financial Market Regulators on December 12, 2018 under N° D.18-0977
and also available on the company's website (www.derichebourg.com).
Each resolution on the table was approved with the required
majority. In particular, the meeting approved the distribution of a
dividend per share of €0.14 made payable on February 12, 2019 and
up for payment as from February 14, 2019.
The beginning of the group's
fiscal year proceeded under expected conditions of instability
linked to the commercial policy implemented by the United States
with regard its North and Central American neighbors, China and
European countries. The Chinese policy of imposing limits on the
importation of mixed metals continues to tighten its grip. The
automotive industry appears to be entering a phase of downturn in
business activity. Furthermore, the first effects of the strict
application of the energy transition act for green growth, which in
2025 will restrict landfills of waste to 50% of their 2017 levels,
are beginning to be felt, resulting in a scarcity of space
available at certain landfill sites.
While the group's recurring EBITDA
in the first quarter of 2018-2019 is globally similar to that of
the previous fiscal year, initial data as to activity in January in
the recycling business has shown a downturn in volumes sold (around
10% compared with January 2018) in a global setting marked by lower
prices. The closing of a commercial deal between China and the
United States and the increase in business at Turkish steel mills
would likely make this just a temporary phenomenon.
The group remains confident over
the long-term outlooks for its businesses:
-
With its Environmental Services, the group is a
major player in the circular economy and remains confident over the
robustness of its business model, its capacity to stand firm and
even develop through external growth should the economic situation
worsen, and over the strength of its balance sheet. The group is
continuing to invest in order to renew equipment and subsequently
achieve fuel savings, and is investing in new technologies to
improve sorting processes and to meet the challenges raised by the
closing of the Chinese market and the reduction in volumes of
landfilled waste;
-
In the Multiservices business, continued
outsourcing, digitalization and the energy efficiency market are
creating new opportunities with clients.
ISIN code: FR
0000053381 - DBG
Shareholders’ Combined General
Meeting
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announcement is distributed by West Corporation on behalf of West
Corporation clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: DERICHEBOURG via Globenewswire
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