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 Service Point Solutions, S.A. : le bénéfice net de Service Point en hausse de 86 % à 9 millions d'euros |
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| ISIN ES0143421G11 RIC SPSL.MC | |
| Publié le 29/02/2008 à 14:26 |
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- Les ventes ont augmenté de 61% grâce à l'évolution positive de l'activité et des acquisitions
- La dette nette est réduite de 44 % en dépit d'un investissement de 42 millions d'euros lors de l'exercice.
- Le bénéfice net est en hausse de 86 % à 9 millions d'euros
- La capacité d'investissement s'élève à 80 millions d'euros.
- Le Conseil d'Administration proposera à l'Assemblée de doubler le dividende.
Barcelona, 29 February 2007- Service Point Solutions, S.A (SPS.MC) has reported excellent FY07 earnings marked by significant growth throughout the P&L. Net profit jumped 86% year-on-year to E9mn.
Revenue growth was driven by high levels of contract renewal, new customer adds and the acquisitions of SP Holland in October 2006, Allkopi (Norway) and CBF Print Management (UK) in June 2007 and Quality Imprés (Spain) in September 2007. Revenues climbed 61% to E213.7mn.
EBITDA rose 43% to E27.8mn. The EBITDA margin had a positive evolution through the year reaching a 13% on December 2007. This margin is not directly comparable across businesses: the Norwegian and Dutch businesses have different revenue mixes and they expense equipment purchases, while the other subsidiaries acquire these assets under finance leases.
EBIT rose 66% to E14.1mn, a margin of 6.6% (up from 6.4%), reflecting the successful integration of newly acquired companies and the increasing profitability of Service Point customer base. At Service Point Holland, management concentrated on improving margins and contribution to consolidated profit by focusing strategically on boosting the ROI on customer contracts. It is to mention the performance of the Spanish business (9% of Group revenues) stands out. Revenues rose 33.9% on 2006 to E19.3mn, while EBITDA amounted to E3.7mn at a margin of 19.3%. The bottom line jumped 71.9% to E2.1mn.
The company invested E42mn in 2007 while still managing to cut net debt by 44% from year-end 2006 to E39.9mn. In September 2007 Service Point expanded its syndicated loan by E40mn (47%), bringing the total facility to E100mn. The syndicate group is led by Lloyds TSB Bank.
In addition, the cost of debt narrowed to a spread of 90bps, bringing interest expense down. The company currently has capacity of around E80mn to invest in organic growth and to buy new targets.
The Board of Directors will propose doubling the dividend against reserves to E0.04 per share at the General Shareholders' Meeting next June.
(Ver tabla adjunta en pdf)
Service Point Solutions (www.servicepoint.net) is a Spanish multinational and a leading provider of digital reprographics and document management services in Europe. It employs over 2,545 people across 7 countries (the UK, US, Spain, Germany, Holland, Belgium and Norway) through a network of 117 service points and 715 facilities management programs. SPS is headquartered in Spain and listed on the Madrid and Barcelona stock exchanges (ticker: SPS.MC).
For further information:
Service Point Solutions S.A. Deva
Cori Pellicer Elena Leal/Ana Luzuriaga
coripellicer@servicepoint.net eleal@deva.es / aluzuriaga@deva.es
Tel +34 93 5082400 +34 91 3601669/ +34 91 3601665
Fax +34 93 5082442 +34 91 360 16 70
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