Brief: AFYREN FY Net Loss Widens To EUR 9.2 Million

AFYREN SA

21/03/2023 17:11

March 21 (Reuters) - AFYREN SA  ALAFY.PA :
    * AFYREN ANNOUNCES ITS 2022 ANNUAL FINANCIAL RESULTS
    * REVENUES FOR 2022 TOTALED EUR 3.5 MILLION, UP 14% COMPARED
TO
EUR 3.0 MILLION IN 2021
    * NET RESULT AMOUNTS TO A LOSS OF EUR 9.2 MILLION AT END OF
2022,
COMPARED WITH A LOSS OF EUR 3.6 MILLION AT END OF 2021
    * FY OPERATING LOSS EUR 5.4 MLN VS EUR 2.2 MLN YEAR AGO
    * AT END OF 2022, AFYREN HAD A CASH POSITION OF EUR 62.3
MILLION
    * AS PART OF ITS GROWTH STRATEGY, COMPANY AIMS TO ACHIEVE
FOLLOWING BY 2027: THREE PRODUCTION SITES (PLANTS) WITH A
COMBINED INSTALLED CAPACITY OF AROUND 72,000 TONNES
    * BY 2027: CUMULATED PRODUCTION REVENUE FROM THREE PLANTS OF
MORE
THAN EUR 150 MILLION
    * BY 2027: TARGET CURRENT EBITDA MARGIN AT GROUP LEVEL OF
AROUND
30%

Source text for Eikon:  ID:nBw4Lx4gCa 
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