ABO-Group Environment announces the admission of its shares to the regulated market of Euronext Paris
02 Giugno 2021 - 8:00AM
ABO-Group Environment announces the admission of its shares to the
regulated market of Euronext Paris
Ghent, 2nd of June 2021, 08:00 CEST – Press release / Regulated
information
A listing on Euronext Paris to support
ABO's development in France and its acquisition
strategy
The dual listing on Euronext Brussels and
Paris, the good annual results for 2020 and the announcement of the
strategic plan for 2025, aimed at doubling the turnover, further
enhance the share’s visibility
ABO-Group Environment, an engineering company
specialised in geotechnics, environment and the handling of
polluted areas and soils, announces the admission of its shares on
the regulated market of Euronext Paris. The first trading day of
the shares on this market will start on Friday the 4th of June
2021.
Supporting the pursuit of the profitable
growth dynamic and the implementation of the strategic plan for
2025
The profitable results for 2020, with an EBITDA
margin of 15% and an increase in operation cash flow of 36%,
illustrates the success of the group’s development model, which
brings together 30 agencies and 513 employees in three European
markets: Belgium, France and the Netherlands.
The good business results, achieved despite the
curent healthcare context, and positive momentum of the first
quarter, reflect the success of the group’s sustainable engineering
services, which generated revenues of €49,4 million in 2020. ABO’s
One-Stop-Shop approach in the fields of geotechnics, the
environment and the handling of polluted areas and soils, helps
organisations and local authorities face the major challenges of
our era, such as risks linked to climate change or the pollution of
our soils through mulitple origins, in particular asbestos and per-
and polyfluoroalkyl substances (PFAS).
This profitable growth trajectory, which is
solidly anchored, supports ABO-Group’s strategic plan, which
targets a turnover of €100 million by 2025. This objective, which
will be supported by a balanced delevopment combining organic and
external growth, will during this period also be achieved by an
ambitious investment plan of €19 million, in order to renew and
extend the machine park and technological resources, with a focus
on innovation in the various fields of expertise. These investments
will be provided by the group’s financial resources, given the
significant generated operating cash flow inherent to the business
model. It may also be reinforced by bank loans, as the equity ratio
of 33,3% at 31st of December 2020 gives the company room in terms
of financial leverage. The external growth component is fully
operational as the group has already succesfully completed three
French acquistions over the last six months (GEO+ Environnement,
SUBGEO and Geosonic France).
Frank De Palmenaer, CEO ABO-Group
Environment, explains: « We are very excited to initiate a
new phase in the history of the ABO-Group share and we want to
thank Euronext for their support. This listing supports the group’s
expansion in France and in its historical markets, which are driven
by the need for engineering solutions, specifically tailored for
sustainable construction and complex soil remediation issues. This
is a structural trend that is fully underway and is fuelled by the
ever more demanding regulations needed to address the challenges of
climate change. We are very pleased that we can now benefit from
the increased visibility of our brand and the stock, together with
our partners and investors, and we look forward to further
implementing our strategic investment plan for 2025 through our
unique expertise in sustainable engineering. »
Sébastien Gori, general director of
ABO-Group France, adds: « For almost 45 years,
ERG has put geotechnical engineering at the heart of its
development in France. Over the course of its history, ERG has
become a key reference in geotechnical studies, particularly those
related to tunnel inspections and structural engineering. Since
1998, we have been part of ABO-Group, which has enabled a
considerable development within our family group. This double
listing in France is therefore the ideal moment to mutually
strengthen our brands ABO and ERG, adding the ABO brand to the
French name of the companies. Today, in France, our strategy is
perfectly in line with the ecological transitions and in particular
with the treatment of the consequences regarding the climate
change, the emergence of new pollutions, etc., all of which offer
promising opportunities for our future development. »
About ABO-Group
ABO-Group is a specialised engineering company
focused on geotechnical engineering, the environment and soil
remediation. Through its consultancy and testing & monitoring
departments, the ABO-Group is active in Belgium, the Netherlands
and France, as well as internationally. ABO-Group guarantees its
customers a sustainable solution. For a more detailed description
of the operations of the group, please consult the ABO-Group
website (www.abo-group.eu).
For more information:
Frank De Palmenaer CEO ABO-Group Environment NV
frank.depalmenaer@abo-group.eu T +32 (0)4 96 59 88 88
- ABO-Group Environment announces the admission of its shares to
the regulated market of Euronext Paris
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