SARANTIS will report FY:20 financial statements tomorrow after market close- Preview

SARANTIS (Results FY:20 preview): 

The company will report FY:20 financial statements tomorrow after market close. Recall that the company has already pre announced headline figures for 2020 ie Sales, EBITDA and EBIT figures that came in close to our estimates We expect EBT to settle at €43.65mn, -4% y-o-y on negative FX and financials impact, whereas net income is seen coming in at €36.57mn, 3.8% lower y-o-y.

  • We forecast a shareholders’ remuneration of €0.18/share as FY:20 dividend distribution (DY 2.1%). We have an EQUALWEIGHT recommendation on the stock which trades ata projected FY:21 PE14.3, EV/EBITDA 8.9 and DY 2.4%. 

SARANTIS

2019

2020

Y-o-Y

2020

Act. vs

EUR m.

FY

FY

(%)

FY Est.

Est.

Sales

370.1

393.4

6.3% 

397.0

-0.9% 

EBITDA

54.8

62.7

14.5% 

60.5

3.6%  

EBITDA Mrg

14.8%

15.9%

+114 bps

15.2%

4.6%

EBIT

43.8

50.1

14.2%

48.32

3.6%

EBIT Mrg

11.8%

12.7%

+88 bps

12.2%

4.5%

Conference Call Details: Friday April 9 17:00 local Athens Time

§   GR: + 30 213 009 6000

§   UK: + 44 203 059 5872

§   USA: +1 516 447 5632

Manos Chatzidakis

Head of research

29 Alexandras Avenue

11473 Athens,Greece

Tel: +30 210 6478755/754

Email: mchatzidakis@beta.gr