Minutes of the shareholders’ combined general meeting
February 10 2021 - 12:05PM
Minutes of the shareholders’ combined general meeting
The shareholders’ combined general meeting held
“in camera” on February 10, 2021 and chaired by Daniel Derichebourg
approved the parent company and consolidated financial statements
for the fiscal year ended September 30, 2020, certified without
reservation by the independent auditors, without making any
changes. These financial statements were published in the annual
financial report provided for by Article L.451-1-2 of the French
Monetary and Financial Code, which forms part of the 2019/2020
Universal Registration Document filed with the French securities
regulator (AMF) on December 14, 2020 under number D.20-0987. This
document is available on the Company’s website
(www.derichebourg.com). The shareholders’ meeting passed with the
requisite majority all draft resolutions previously approved by the
Board of Directors.
As explained in its December 30, 2020 press
release, Derichebourg Environnement and the Ecore shareholders have
started exclusive negotiations. Ecore’s employee representative
bodies are currently being consulted on the planned
acquisition.
Derichebourg Group posted revenue for the first
quarter of its fiscal year up 22% versus the same period last year
(Environmental Services revenue up 40%, Multiservices revenue down
6%).
First quarter recurring EBITDA amounted to €62
million, up 86% year on year, driven mainly by Environmental
Services and, to a lesser extent, Multiservices.
As of December 3, 2020, when the 2019/2020
financial statements were published, after two months of business
the Group forecast recurring EBITDA growth of between 15% (€208
million) and 20% (€217 million, up €36 million from FY 2019/2020)
for the 2020/2021 fiscal year. Given December and January results
and the outlook for the coming period, the Group expects to post
recurring EBITDA well above initial forecasts for fiscal 2020/2021.
While both Group divisions posted growth, this was mainly driven by
Environmental Services.
Despite the complexities caused by the health
situation, the Group considers that, barring any major unforeseen
deterioration leading to strict lockdown, first half recurring
EBITDA growth will at least be equivalent to the growth achieved by
the end of January.
The long-term fundamentals underlying its
businesses remain buoyant:
- Recycled raw materials help tackle climate change, unlike
primary production of metals
- Companies continue to outsource services in order to focus on
their core business
ISIN: FR 0000053381 - DBG
- Minutes of the shareholders’ combined general meeting 2021 02
10
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