Brief: Accelleron Industries HY Revenue Up 17.1% To $448.6 Mln

Accelleron Industries AG

05/09/2023 05:35

Sept 5 (Reuters) - Accelleron Industries Ag  ACLN.S :
    * ACCELLERON REPORTS INCREASED REVENUES AND HIGHER
OPERATIONAL
EBITA
    * HY REVENUES AT USD 448.6 MILLION, +17.1% (20.3% ON A
CONSTANT
CURRENCY BASIS)
    * HY OPERATIONAL EBITA INCREASES BY 11.6% TO USD 108.0
MILLION
    * ACCELLERON INDUSTRIES- SEPARATION FROM ABB AND BUILD-UP
ACTIVITIES GOING ACCORDING TO PLAN AND ASSOCIATED
NON-OPERATIONAL COSTS DEVELOPING AS GUIDED
    * EXPECTS TO REACH AN ORGANIC REVENUES GROWTH OF AROUND 13%
(15%
INCLUDING OMT) FOR FULL YEAR.
    * ACCELLERON INDUSTRIES: DUE TO STRONG GROWTH,
INEFFICIENCIES IN
SUPPLY CHAIN, FREE CASH FLOW CONVERSION EXPECTED IN RANGE OF 60%
TO 70% FOR FULL YEAR

Source text for Eikon:  ID:nEQ5PPqTYa 
Further company coverage:  ACLN.S 

 ((Reuters.Briefs@thomsonreuters.com;))