Brief: Amper Reports 9-Month Results, Restates FY21, FY22 Financial Statements

Amper SA

22/11/2023 07:22

Nov 22 (Reuters) - Amper SA  APE.MC :
    * SAID ON TUESDAY SPAIN'S NATIONAL SECURITIES MARKET
COMMISSION
(CNMV) COMPLETED ORDINARY REVIEW OF CO'S FY 2022 FINANCIAL
STATEMENT THAT WAS ANNOUNCED EARLIER IN NOVEMBER 
    * CNMV REQUIRED COMPANY TO USE DIFFERENT ACCOUNTING CRITERIA
FOR
2021 AND 2022 FOR CONTRACT FOR MANUFACTURE, INSTALLATION,
OPERATION AND MAINTENANCE OF SIGNAL INTELLIGENCE AND SOME
ANTI-DRONE SYSTEMS 
    * THIS CHANGE RESULTS IN NEED TO RESTATE CERTAIN ITEMS IN
ITS FY
2021 AND FY 2022 FINANCIAL STATEMENTS
    * FY 2021 NET SALES NOW AT 294.5 MILLION EUROS VS PREVIOUS
307.7
MILLION EUROS
    * FY 2021 NET PROFIT NOW OF 522,000 EUROS VERSUS PREVIOUS
7.1
MILLION EUROS
    * FY 2022 NET SALES NOW AT 323.4 MILLION EUROS VERSUS
PREVIOUS
337.5 MILLION EUROS
    * FY 2022 NET LOSS NOW OF 4.7 MILLION EUROS VERSUS PREVIOUS
PROFIT
OF 1.1 MILLION EUROS
    * RESTATEMENT HAS NO IMPACT ON GROUP'S CASH POSITION IN 2023
AND
BEYOND AND NO NEGATIVE IMPACT ON COMPANY'S FUTURE VALUE AND
EXPECTATIONS
    * IT ALSO CONSIDERS RELEVANT TO COMMUNICATE INFORMATION IN
RELATION TO THIRD QUARTER 2023 RESULTS WHICH HAVE NOT BEEN
AUDITED AND HAVE NOT BEEN SUBJECT TO LIMITED REVIEW
    * 9-MONTH CONSOLIDATED SALES AT 274 MILLION, UP 12.2% VERSUS
YEAR
AGO
    * 9-MONTH CONSOLIDATED EBITDA AT 15.5 MILLION EUROS, UP
53.9%
VERSUS YEAR AGO
    * BACKLOG OF 363 MILLION EUROS AT END-SEPTEMBER, UP 17.2%
VERSUS
NORMALISED BACKLOG YEAR AGO
    * 9-MONTH RESULTS CONFIRM POSITIVE EVOLUTION OF THE YEAR,
ARE IN
LINE WITH 2023-26 STRATEGIC AND TRANSFORMATION PLAN, AND
ANTICIPATE POTENTIAL IMPROVEMENT IN ANNUAL EBITDA AND EBITDA
MARGIN % TARGETS

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nCNM9GpkNG
 Further company coverage:  AME.MC  

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))