Brief: Afyren Posts FY Net Loss Of EUR 9.59 Mln, Vs EUR 9.20 Mln Loss YoY

AFYREN SA

02/04/2024 06:46

April 2 (Reuters) - AFYREN SA  ALAFY.PA :
    * TIGHT CONTROL OF OPERATING EXPENSES IN 2023 KEPT LOSS
STABLE
VERSUS. 2022
    * LIMITED CASH CONSUMPTION: EUR 50 MILLION IN CASH AVAILABLE
AS OF
DECEMBER 31, 2023
    * OUTLOOK: AFYREN NEOXY, START-UP OF CONTINUOUS PRODUCTION
IN
2024, WITH BREAK-EVEN IN 2025, AS COMMUNICATED IN DECEMBER 2023
    * FY REVENUE EUR 3.38 MILLION, DOWN VERSUS EUR 3.46 MILLION
YOY
    * FY OPERATING LOSS EUR 5.93 MILLION, VERSUS LOSS OF EUR
5.37
MILLION YOY
    * FY NET LOSS EUR 9.59 MILLION, VERSUS LOSS OF EUR 9.20
MILLION
YOY
    * MAINTAINING ITS MEDIUM-TERM OPERATING (3 UNITS) AND
FINANCIAL
GOALS BUT ENVISAGES A SEQUENCE STARTING WITH A 18- TO 24-MONTH
DELAY
    * OUTLOOK: THREE PRODUCTION UNITS WITH A COMBINED INSTALLED
CAPACITY OF AROUND 70,000 TONS OF ACIDS (VERSUS 72,000 TONS) BY
2028
    * OUTLOOK: ACCUMULATED PRODUCTION REVENUE FROM THE THREE
UNITS OF
MORE THAN €150 MILLION, AT FULL CAPACITY
    * OUTLOOK: A TARGET CURRENT EBITDA MARGIN AT GROUP LEVEL OF
AROUND
30%, AT FULL CAPACITY

Source text for Eikon:  urn:newsml:reuters.com:*:nBw9vBz4La
Further company coverage:  ALAFY.PA 

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