At the Board of Directors meeting held on October 26, 2021 and chaired by Sophie Bellon, the Board closed the Consolidated and Company accounts for the fiscal year ended August 31, 2021.

  • Revenue trend improved quarter by quarter, +18.1% in H2
  • H2 UOP margin +20bps versus guidance at constant rates 
  • Exceptional cash conversion, net debt ratio at 1.7 back in target range of 1-2
  • Dividend €2: €1.20 as per the dividend policy, plus a very exceptional €0.80 linked to the disposal program
  • 2022 Guidance: 
    • Organic revenue growth of +15% to +18%
    • Underlying operating profit margin close to 5%, at constant rates


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