Brief: Afyren End-June Operating Loss Widens To 3.1 Million Euros

AFYREN SA

19/09/2023 06:35

Sept 19 (Reuters) - AFYREN SA  ALAFY.PA :
    * AFYREN ANNOUNCES ITS 2023 HALF-YEAR FINANCIAL RESULTS
    * EUR 52.7 MILLION CASH AVAILABLE ON JUNE 30, 2023
    * UNDERLYING CASH BURN OF EUR 3.6 MILLION WITH EFFECTIVE
MANAGEMENT OF OPERATING EXPENSES
    * OUTLOOK 2027: THREE PRODUCTION UNITS WITH A COMBINED
INSTALLED
CAPACITY OF AROUND 72,000 TONS
    * H1 FINANCIAL RESULT RECORDS A EUR 0.7 MILLION IMPROVEMENT
THANKS
TO FINANCIAL INCOME FROM CASH AND CASH EQUIVALENT INVESTMENT
    * OUTLOOK 2027: CUMULATED PRODUCTION REVENUE FROM THREE
PLANTS OF
MORE THAN EUR 150 MILLION
    * END-JUNE OPERATING LOSS EUR 3.1 MILLION VERSUS LOSS EUR
2.6
MILLION YEAR AGO
    * H1 REVENUE EUR 1.96 MILLION VERSUS EUR 1.76 MILLION YEAR
AGO
    * AIMS TO ACHIEVE BY 2027 A CURRENT EBITDA MARGIN AT GROUP
LEVEL
OF AROUND 30%
    * AS OF JUNE 30, 2023, AFYREN'S TOTAL FINANCIAL DEBT WAS
LOW, AT
EUR 5.2 MILLION INCLUDING LEASE LIABILITIES AND EUR 4.9 MILLION
EXCLUDING LEASE LIABILITIES
    * H1 NET LOSS EUR 5.123 MILLION

Source text for Eikon:  ID:nBwXT3dva 
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