March 26, 2020 / 5:25 PM / 3 days ago

BRIEF-Luxempart FY Consolidated Net Result Up At 207 Million Euros

March 26 (Reuters) - Luxempart SA:

* FY CONSOLIDATED NET RESULT EUR 207 MILLION VERSUS EUR 16.0 MILLION YEAR AGO

* ON CORONAVIRUS : NO IMPACT OF COVID-19 RECORDED ON 2019 RESULTS

* BOARD OF DIRECTORS WILL PROPOSE A DIVIDEND OF € 1.48 GROSS PER SHARE, AN INCREASE OF 5% COMPARED TO 2019

* TO DATE, NO MAJOR PROBLEMS HAVE BEEN IDENTIFIED THAT WOULD LEAD LUXEMPART TO SIGNIFICANTLY ADJUST THE VALUE OF THE PORTFOLIO AT END OF 2019

* HOWEVER, THIS COULD BECOME NECESSARY IN 2020 WHEN IMPACT ON REVENUES, PROFITABILITY AND CASH RESERVES OF PORTFOLIO COMPANIES WILL BE MEASURED Further company coverage: (Gdansk Newsroom)

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