MRG Finance UK PLC Annual Financial Report (5802L)

TIDM59AY

RNS Number : 5802L

MRG Finance UK PLC

30 April 2020

LEI Number: 254900VQRXK46UEV8Y97

MRG Finance UK plc

30 April 2020

London, 30 April 2020 - Monaco Resources Group SAM, the guarantor and the parent company of MRG Finance UK plc ("the Issuer"), announces its results for the full year ended 31(st) December 2019.

The 2019 Full Year audited report is available at https://monacoresources.com/investor-area/

Key Highlights

-- Group revenue increased to EUR 1.02 billion (versus EUR 809 million full year 2018), continuing on a solid growth trajectory

   --    Gross profit increased to EUR 251 million (versus EUR 128 million full year 2018) 
   --    EBITDA increased to EUR 101 million (versus EUR 54 million full year 2018)

-- The Group maintains a strong liquidity position with EUR 151.3 million of cash and cash equivalents

Monaco Resources, through its port infrastructure and logistics subsidiary, R-Logitech SAM, completed the acquisition of Euroports Holdings in June 2019. The Group has since integrated the acquisition and will benefit from a full year's integration of earnings in 2020.

The Group's subsidiaries are in line with budget for the first quarter 2020, benefiting from their diverse and risk adverse business models.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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