Derichebourg SA
PAR:DBG

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Derichebourg SA Logo
Derichebourg SA
PAR:DBG
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Price: 8.37 EUR 1.39% Market Closed
Market Cap: €1.3B

Derichebourg SA
Investor Relations

Derichebourg SA engages in the provision of environmental services. The company is headquartered in Paris, Ile-De-France and currently employs 41,337 full-time employees. The company operates as a holding company of the group and offers services through three divisions: environmental services, airport services and service to businesses. Environmental services division operates via Derichebourg Environnement and provides recycling and conversion of end of life consumer goods, management of industrial and household waste, and urban cleansing, among others. Airport services division operates under the Servisair brand and specializes in the airport passenger services, services to airport infrastructures, fuel management, and maintenance of runway equipment, among others. Business services division operates under the name Derichebourg Multiservices and offers cleaning, security and electrical services, as well as temporary staff recruitment, aircraft maintenance and others.

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Last Earnings Call
Fiscal Period
Q2 2022
Call Date
May 25, 2022
AI Summary
Q2 2022

Record Performance: Derichebourg reported its best-ever half year results, with revenue of EUR 2.5 billion, EBITDA of EUR 250 million, and net income of EUR 118 million.

Strong Growth: Revenue increased by 54%, EBITDA rose by 45%, and net income attributable to shareholders jumped by 60% year-on-year.

Ecore Acquisition: The integration of Ecore drove significant growth, contributing EUR 44.8 million in EBITDA over 3.5 months and boosting volumes and margins in the Environmental Services division.

Margin Expansion: Unit margins improved in both ferrous and nonferrous metals, helped by higher commodity prices and successful integration of Ecore.

Synergy Progress: Management expects at least EUR 20 million in synergies from the Ecore deal, with most transportation-related savings already achieved.

Elior Investment: Derichebourg acquired a 19.6% stake in Elior, becoming its largest shareholder, aiming for long-term strategic cooperation but not immediate synergies.

Positive Outlook: Management remains confident about long-term prospects, citing EU decarbonization efforts and recovery in Aeronautics and Multiservices.

Key Financials
Revenue
EUR 2.5 billion
EBITDA
EUR 250 million
Net Income Attributable to Shareholders
EUR 119 million
Environmental Services Revenue
EUR 2.5 billion
Environmental Services EBITDA
EUR 232 million
Environmental Services Current EBIT
EUR 170 million
Environmental Services EBIT
EUR 171.4 million
Household Waste Collection EBITDA
EUR 12 million
Working Capital Requirement Increase
EUR 97.7 million
CapEx
EUR 78 million
Preliminary Ecore Goodwill
EUR 231 million
Debt (September)
EUR 195.7 million
Ecore Acquisition Value
EUR 423 million
Last 12 Months Pro Forma EBITDA
EUR 559 million
Pro Forma Leverage Ratio
1.12
Liquidity (End of March)
nearly EUR 600 million
Ecore Full-Year Revenue (prior year)
EUR 1.5 billion
Ecore Full-Year EBITDA (prior year)
EUR 120 million
Ecore Expected Synergies
EUR 20 million
Other Earnings Calls
2022

Management

Mr. Abderrahmane El Aoufir
CEO & Director
No Bio Available
Mr. Pierre Candelier
Chief Financial Officer
No Bio Available

Contacts

Address
ILE-DE-FRANCE
Paris
119, Av. du General Michel Bizot, PARIS Cedex 12
Contacts
+33144754040.0
www.derichebourg.com