GEVELOT S.A.: AGM 2020 Press release

GEVELOT S.A.
GEVELOT S.A.: AGM 2020 Press release

11-Jun-2020 / 18:00 CET/CEST
Dissemination of a French Regulatory News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


 

 

 

GEVELOT S.A.

Limited company capitalised at 26,932,500 euros

Head office: 6, boulevard Bineau 92300 Levallois-Perret, France

562 088 542 R.C.S. NANTERRE

 

 

 

PRESS RELEASE - 11 JUNE 2020

 

 

The Annual General Meeting held on 11 June 2020 approved the Company's financial statements and consolidated financial statements for the year 2019.

 

All the resolutions proposed by the Board of Directors have been adopted.

 

The consolidated revenue for the 2019 financial year, consisting mainly of the Pumps Sector, the other sector relating to the real estate activity of the Holding Company, amounted to € 103.7 million compared to € 94.2 million in 2018, up 10.1%. At constant scope and exchange rates, the increase was 6.8%.

 

The net income accruing to Gévelot, the consolidating company, for the financial year 2019 amounted to € 8.6 million in profit against a profit of € 6.0 million in 2018.

 

The Gévelot parent company generated a net profit of € 3.1 million compared to € 3.2 million, also a beneficiary in 2018.

 

It has been decided to pay a dividend set at € 1.60 per share as of June 19, 2020, compared to € 1.80 last year.

 

Significant negative impacts are expected for the year 2020 from the Covid-19 health crisis, both on the commercial activity and profitability of our Group.

 

Our ability to adapt and the efforts made by all of our employees in this difficult context should nonetheless allow our Group to face the expected difficulties.

 

 

Website Gévelot, Euronext Growth, Amf (Onde)

 


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