Fourth quarter -5 % (1) and acquired/divested net growth of 5% (3) ● EMEA and Entrance Systems reported stable organic sales development. Organic sales declined in Asia Pacific and Americas, while Global Technologies reported a significant decline ● Two divestments in Switzerland and Italy were completed. The combined annual sales of the divested companies amount to around SEK 625 M ● A new restructuring program was launched at year-end. The estimated cost amounts to SEK - 1,366 M with a pay-back time of around two years ● Operating margin[1] 2 (EBIT %) excluding acquisitions and divestments was 16.1% (16.2) ● Net income 1 2 amounted to SEK 2,582 M (2,767) ● Earnings per share 1 2 amounted to SEK 2.33 (2.49) ● Operating cash flow amounted to SEK 5,529 M (5,235)
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COVID-19 continues to adversely affect Boston Pizza s business. Franchise Sales for the fourth quarter of 2020 decreased by 30.6% versus one year ago.
Toronto Stock Exchange: BPF.UN
Highlights
As at December 31, 2020, approximately 370 Boston Pizza restaurants were providing take-out and delivery services, with approximately 100 of these restaurants also having their dining rooms and sports bars open with reduced seating capacity.
System-Wide Gross Sales
1 of $181.7 million for the Period and $773.5 million for the Year, representing decreases of 34.3% and 30.1%, respectively, versus the same periods one year ago.
Franchise Sales
2 from royalty pool restaurants of $146.6 million for the Period and $613.2 million for the Year, representing decreases of 30.6% and 28.2%, respectively, versus the same periods one year ago.
(Note) This notice contains forward-looking statements that reflect Toyota s plans and expectations. These forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause Toyota s actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements. These factors include, but are not limited to: (i) changes in economic conditions, market demand, and the competitive environment affecting the automotive markets in Japan, North America, Europe, Asia and other markets in which Toyota operates; (ii) fluctuations in currency exchange rates, particularly with respect to the value of the Japanese yen, the U.S. dollar, the euro, the Australian dollar, the Russian ruble, the Canadian dollar and the British pound, fluctuations in stock prices,
4:1 share consolidation to begin trading on February 12, 2021 NASDAQ Capital Market listing expected in Q1 2021 under ticker symbol IMCC TORONTO, ON and GLIL YAM, ISRAEL / ACCESSWIRE / February 10
/EIN News/ CALGARY, Alberta, Feb. 10, 2021 (GLOBE NEWSWIRE)
This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release. This news release contains references to Adjusted EBITDA, Covenant EBITDA, Operating Earnings (Loss), Funds Provided by (Used in) Operations and Working Capital. These terms do not have standardized meanings prescribed under International Financial Reporting Standards (IFRS) and may not be comparable to similar measures used by other companies, see “Non-GAAP Measures” later in this news release. Amounts presented are in Canadian dollars, unless otherwise stated.