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SFPI Group : Allowing for the 2022 actual figures and MAC restructuring efforts

SFPI Group : Allowing for the 2022 actual figures and MAC restructuring efforts
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Capital Goods , Groupe Sfpi Stock Exchange , Press Release , O Sfpi Fr0004155000 ,

Sound business shows its mettle in Covid and post Covid times (SFPI Group)

EARNINGS/SALES RELEASES
SFPI has navigated the Covid shock particularly well through tight management and a very healthy balance sheet that turned out to be even stronger by Dec 2020. 2021 looks very promising as splashing out on building continues and capex demand accelerates. We have upgraded our target price on this very sound industrial mini conglomerate.
FACT
While the bulk of the 2020 delivery unsurprisingly happened over H2, the extent of the business rebound and the quality of the delivery over this second half were a positive surprise.
Total annual sales finally dropped by ‘only’ 11% after -21% in H1 and the -2m loss Ebit loss had morphed into a 27m profit by the year end. ....

Groupe Sfpi Stock Exchange , Press Release , Able Sfpi Fr0004155000 ,