March 17, 2020 / 9:36 AM / 12 days ago

BRIEF-TI Fluid Systems Says FY Management Basis Dividend EUR 8.96 Cents

March 17 (Reuters) - TI Fluid Systems PLC:

* FY MANAGEMENT BASIS DIVIDEND EUR 8.96 CENTS

* FY MANAGEMENT BASIS REVENUE EUR 3,411.1 MILLION VERSUS EUR 3,472.8 MILLION

* FY MANAGEMENT BASIS ADJUSTED NET INCOME / PROFIT EUR 150.3 MILLION VERSUS EUR 155.2 MILLION

* EXPECT THAT OUR 2020 REVENUE WILL OUTPERFORM GLOBAL LIGHT VEHICLE PRODUCTION VOLUMES SIMILAR TO PRIOR YEAR

* SEES 2020 ADJUSTED EBIT MARGIN WILL BE HIGH SINGLE DIGIT AND THAT ADJUSTED FREE CASH FLOW CONVERSION WILL BE SIMILAR TO PRIOR YEAR

* OUTLOOK FOR 2020 DOES NOT INCLUDE IMPACT OF ONGOING COVID-19 (CORONAVIRUS) OUTBREAK Source text for Eikon: Further company coverage:

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