Q4 20 was better than expected. Organic revenue decreased by 3.6% (of which +1% in North America, -5% in Europe, -1% in the Rest of World) and the underlying EBITA margin was 4.6% of revenue (-0.3pt). In 2020, the strong free cash flow (€1,132m) included positive effects from the CICE receivables in France sold to third-parties (€265m) and the COVID-19 governmental measures (€120m). The proposed dividend with respect to FY20 is above expectations. The recovery in activities continued in January ....
09 Feb 2021
Solid financial situation, proposed dividend above expectations
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Solid financial situation, proposed dividend above expectations
Q4 20 was better than expected. Organic revenue decreased by 3.6% (of which +1% in North America, -5% in Europe, -1% in the Rest of World) and the underlying EBITA margin was 4.6% of revenue (-0.3pt). In 2020, the strong free cash flow (€1,132m) included positive effects from the CICE receivables in France sold to third-parties (€265m) and the COVID-19 governmental measures (€120m). The proposed dividend with respect to FY20 is above expectations. The recovery in activities continued in January ....