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    COM   FR0000053399

CNIM GROUPE

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CNIM Groupe : Information on CNIM Group's financial situation

11/30/2021 | 04:21pm EST


PRESS RELEASE
Information on CNIM Group's financial situation
Proposed disposal of Bertin Technologies
After consulting with the relevant employee representative bodies, FCDE and CNIM Group
have signed a sale agreement for all of the shares of its subsidiary Bertin Technologies, as
announced on November 14, 2021.
The completion of the disposal remains subject to the fulfillment of customary conditions
precedent, including the authorization of the competent supervisory authorities. The market
will be kept informed of the completion of the disposal.
This transaction is part of the divestment program announced on August 13, 2021 and which
CNIM Group intends to pursue in the coming months.
Elements likely to affect the results and liquidity forecasts
Certain factors subsequent to October 31, 2021 lead the company to take into account a
significant risk of deterioration in the Group's results in 2021 and its liquidity by 2022.
This deterioration results from the loss of two tenders and the later than expected conclusion of
turnkey plant contracts, leading the Company to halve its commercial ambitions. In addition,
in November the company was hit with new penalties on several ongoing projects in the United
Kingdom and France, and was notified of an unfavorable arbitration decision in Denmark
concerning its subsidiary LAB.
The company is now studying with its creditors and the State the measures to be taken to
deal with this new situation.
Agence Gen-G
laurence.colin@gen-g.com
tel : +33 (0)6 49 75 47 11
CNIM
isabelle.grange@cnim.com
tel : + 33 (0)6 43 54 32 41
Paris - November 30, 2021
Press contacts

Disclaimer

CNIM - Constructions Industrielles de la Méditerranée SA published this content on 30 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2021 21:20:08 UTC.


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Financials
Sales 2020 653 M 741 M 741 M
Net income 2020 -131 M -149 M -149 M
Net Debt 2020 144 M 163 M 163 M
P/E ratio 2020 -0,31x
Yield 2020 -
Capitalization 21,2 M 24,0 M 24,0 M
EV / Sales 2019 0,32x
EV / Sales 2020 0,28x
Nbr of Employees -
Free-Float -
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Managers and Directors
Louis-Roch Burgard Chief Executive Officer & Director
Christophe Favrelle Group Chief Financial Officer
Nicolas Dmitrieff Chairman-Supervisory Board
Christophe Hamon Head-Information Systems
FrÚdÚrick Favre Secretary & Member-Supervisory Board
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