Georgia Capital PLC ("the Group") has published today its trading update for the third quarter and nine months of 2019. The trading update together with the supplementary financial information and investor presentation is available on the Group's website at https://georgiacapital.ge/ir/financial-results. An investor/analyst conference call, organised by the Group, will be held today, on 22 October 2019, at 14:00 UK / 15:00 CET / 9:00 U.S Eastern Time. The duration of the call will be 60 minutes and will consist of a 15-minute update and a 45-minute Q&A session.
Management Commentary
"I am pleased to report that we had an excellent quarter in terms of operating cash flow generation and step up in capital allocations. Firstly, operating cash flow generation across the private portfolio companies increased by 44.7% y-o-y in 3Q19 and by 67% y-o-y in 9M19. Secondly, our investments - while remaining disciplined - were our highest in a single quarter as we successfully converted active pipeline deals into acquisitions. We made a bolt-on acquisition in the wine business, while also successfully closing the acquisitions of majority stakes in three leading Georgian private schools. We continue to have a robust pipeline and our outlook for 4Q19 and beyond remains strong as our private portfolio continues to grow."
3Q19 and 9M19 performance highlights
Conference call detail
Dial-in numbers: |
30-Day replay: |
|
Pass code for replays/Conference ID: 5267827 |
Pass code for replays / Conference ID: 5267827 |
|
International Dial In: +44 (0) 2071 928000 |
UK Freephone Dial In: 08082380667 |
|
UK Freephone Dial In: 08003767922 |
UK Local Dial In: 08445718951 |
|
UK Local Dial In: 08445718892 |
International Dial In: +44 (0) 3333009785 |
|
US: 18669661396 |
US: 1 (866) 331-1332 |
This announcement contains forward-looking statements, including, but not limited to, statements concerning expectations, projections, objectives, targets, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions, competitive strengths and weaknesses, plans or goals relating to financial position and future operations and development. Although Georgia Capital PLC believes that the expectations and opinions reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations and opinions will prove to have been correct.