Trading Update First Quarter 2021
TRADING UPDATE FIRST QUARTER 2021 PRESS RELEASE ANTWERP, MAY 20, 2021, 7.00 Regulated information within the meaning of the Royal Decree of November 14, 2007 1 Trading update first quarter 2021 TRADING UPDATE FIRST QUARTER 2021 This trading update gives an overview of the main developments at • Cash position Ackermans & van Haaren and its main participations since the 2020 annual results that were published at the end of February. At the end of March 2021, AvH had a net cash position of 73.5 million euros, compared to 68.0 million euros at the end of 2020. This position consisted of 49.5 million euros in short-term investments and 25.2 • Significant growth of net profit expected for million euros in cash and short-term deposits. The rest is made up 2021 of treasury shares, less short-term debts of which commercial paper amounting to 41.5 million euros. In its previous outlook for 2021, the board of directors confirmed that this year, too, the company will continue to focus on the further deve- AvH owned 343,000 treasury shares as of March 31, 2021 (compared lopment of a limited number of core participations, supplemented by a to 343,750 shares at December 31, 2020) to hedge its stock option number of smaller yet promising participations. plan obligations. To this number were added, on March 31, 2021, 2,241 treasury shares resulting from acquisitions and disposals within The vigorous recovery of the results, which began in the second half of the framework of the AvH stock liquidity agreement.
[Show full text]