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HARDMAN & CO RESEARCH Hardman & Co Research : Chesnara plc (CSN): Market benefits overwhelm operational challenges

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24/05/2022 08:00

Hardman & Co Research
Hardman & Co Research : Chesnara plc (CSN): Market benefits overwhelm operational challenges

24-May-2022 / 07:00 GMT/BST


Hardman & Co Research: Market benefits overwhelm operational challenges


Chesnara has announced its 2021 full-year results. The headline figures are good, with Economic Value earnings of £57.8m. Within this, there were strong positive results from economic variances. Operational variances showed the effect of the challenges to the Swedish business, in particular, although their negative contribution of £32.6m was a distinct improvement on the £49.9m loss in 2020. The final dividend increased by 3% to give a total for the year of 22.60p. On the balance sheet, the growth in Economic Value was offset by adverse movements in exchange rates; net, it shrank by 2%.

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End of Announcement - EQS News Service

1359353  24-May-2022 

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