Annual report
Page 1
Changé , France , March 8 , 2021 PRESS RELEASE 2020 annual results at the top end of targets Séché Environnement achieves and even exceeds its 2020 targets presented at its Investor Day held on June 26 , 2018 and clarified on the publication of its H1 2020 results . The Group has once again shown the resilience of its business lines , operating margins and cash flow generation . Resilience of business activity Resilience of operating margins Séché It has underlined its ability , in 2021 , to pursue its profitable growth strategy in France and internationally , and has confirmed its 2022 roadmap . Contributed revenue : € 673m EBITDA : € 137m , or 20.4 % of revenue COI : € 48m , i.e. 7.1 % of revenue Resilience of the financial situation European Rising Tech LABEL Free cash flow : € 63m Net financial debt : € 450m Financial leverage at 3.1x Favorable 2021 outlook Assumption that the impacts of the health crisis will gradually reduce Dividend proposed to the General Meeting of April 30 , 2021 : € 0.95 per share ( unchanged ) + 1 % stable -2 % + 30 % -1 % stable Continued solid growth in France and return to pre - crisis activity levels in all international regions Continued increase in operating margins targeting EBITDA / contributed revenue of 21 % Capex resumption after cautious FY 2020 ¹ vs. an initial target of approximately 3.0x - see press release from Tuesday , December 17 , 2019 Improved financial leverage target ratio : approximately 2.9x at the end of 2021¹ ( excluding acquisitions ) Confirmation of the roadmap through to 2022 Contributed revenue of between € 750m and € 800m , of which around 30 % international revenue EBITDA of between 21 % and 22 % of contributed revenue Financial leverage ratio below 3.0x EBITDA