Brief: Akwel H1 EBITDA Down At EUR 42.3 Mln

Akwel SA

23/09/2022 06:07

Sept 23 (Reuters) - Akwel SA  AKW.PA :
    * AKWEL: RESULTS FOR THE HY 2022
    * H1 TURNOVER EUR 491.0 MILLION VERSUS EUR 487.6 MILLION
YEAR AGO
    * H1 EBITDA EUR 42.3 MILLION VERSUS EUR 64.7 MILLION YEAR
AGO
    * H1 NET INCOME GROUP SHARE EUR 1.9 MILLION VERSUS EUR 38.0
MILLION YEAR AGO
    * H1 FREE CASH-FLOW GENERATION WAS EUR 16.9 M COMPARED TO
EUR 44.4
M IN H1 2021
    * CONFIRMS ITS FORECAST OF MODERATE TURNOVER GROWTH FOR 2022
FINANCIAL YEAR, WITH Q3 EXPECTED TO BRING GOOD PERFORMANCE
    * GROUP'S NET CASH POSITION AT 30 JUNE 2022 WAS EUR 105.7 M
    * REMAINS CAUTIOUS ABOUT FORECASTS FOR SECTOR, DESPITE FACT
THAT
FIRST EFFECTS OF SALES PRICE INCREASES SHOULD BE SEEN IN SECOND
HALF OF YEAR

Source text for Eikon:  ID:nGNX5kzpmw 
Further company coverage:  AKW.PA 
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