Brief: Ackermans & Van Haaren End-March Net Cash Position At EUR 62.7 Mln

Ackermans & Van Haaren NV

19/05/2022 06:18

May 19 (Reuters) - Ackermans & Van Haaren NV  ACKB.BR :
    * ACKERMANS & VAN HAAREN: TRADING UPDATE Q1 2022
    * AT THE END OF MARCH 2022, AVH HAD A NET CASH POSITION OF
62.7
MILLION EUROS, COMPARED TO 77.7 MILLION EUROS AT YEAR-END 2021
    * BESIDES CASH AND SHORT-TERM DEPOSITS, THIS CASH POSITION
CONSISTS OF SHORT-TERM DEBTS IN THE FORM OF COMMERCIAL PAPER
AMOUNTING TO 42.5 MILLION EUROS, SHORT-TERM INVESTMENTS
AMOUNTING TO 46.3 MILLION EUROS AND TREASURY SHARES
    * DUE TO UKRAINE CONFLICT AND INDIRECT EFFECTS A NUMBER OF
COMPANIES OF THE AVH GROUP FOR 2022 ARE NEGATIVELY AFFECTED AS
COMPARED TO THE AFOREMENTIONED PRESS RELEASE OF THE END OF
FEBRUARY
    * BOARD OF DIRECTORS ASSUMES THAT THE CONTRIBUTION OF THE
CORE
SEGMENTS TO THE RESULT WILL BE IN LINE WITH THAT OF 2021
    * WITH CAPITAL GAINS ON THE SALE OF THE PARTICIPATIONS IN
MANUCHAR
AND ANIMA, GROUP WILL REALISE PROFIT IN 2022 AND INCREASE ITS
FINANCIAL STRENGTH WITH APPROX. 440 MILLION EUROS

Source text for Eikon:  ID:nGNE3m2dSf 
Further company coverage:  ACKB.BR 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))