Fourlis (FY/Q4:18 preview):
The company will report FY’18 fianncial results today after market close. We look for FY’18 top line growth of 3.5% to €449.10mn, EBITDA margin improvement by 50bps to 10.11% leading to a 14.8% growth y-o-y to €45.38mn on solid operational leverage effect and Net income spiking to e14.44mn, up by 43.82% on a yearly basis.
We expect net debt to fall below the €100mn threshold to €94.5mn on an impressive €30mn free cash flow generation.
FY’18 dividend is projected to come in at €0.13/share.
The following table presents our estimates for Fourlis FY/Q418 results:
FOURLIS |
2017 |
2018 est |
Y-o-Y |
2017 |
2018 est |
Y-o-Y |
EUR thous. |
FY |
FY |
(%) |
Q4 |
Q4 |
(%) |
Sales |
434.059 |
449.100 |
3,5% |
120.359 |
123.300 |
2,4% |
EBITDA |
41.800 |
45.380 |
8,6% |
15.300 |
16.880 |
10,3% |
EBITDA Mrg |
9,6% |
10,1% |
+47 bps |
12,7% |
13,7% |
+98 bps |
Net Income |
10.039 |
14.440 |
43,8% |
5.739 |
6.840 |
19,2% |
Net Mrg |
2,3% |
3,2% |
+90 bps |
4,8% |
5,5% |
+78 bps |
Dial in numbers:
§ 800 8481114 (GR),
§ 187 75539962 (US),
§ 0808 2380669 (UK),
§ +44(0)2071 928592 (other international participants)