Brief: Atenor Expects Bigger Losses In H2

Atenor SA

02/11/2023 17:23

Nov 2 (Reuters) - Atenor SA  ATEO.BR :
    * INTERIM STATEMENT FOR Q3-2023 AND UPDATE
    * OUTLOOK:  AS PREVIOUSLY ANNOUNCED, THE 2023 RESULTS WILL
BE
NEGATIVELY IMPACTED, MAINLY BY THE IMPAIRMENTS RECORDED AT
30.06.2023 AND FINANCIAL EXPENSES
    * THE 2023 FINANCIAL YEAR WILL BE MARKED, ON THE ONE HAND,
BY
IMPAIRMENTS RECORDED AT 30.06.2023 FOR AN AMOUNT OF €39.2
MILLION AND, ON THE OTHER HAND, BY A SHARP INCREASE IN FINANCIAL
EXPENSES
    * OUTLOOK:  EXPECTS A RETURN TO A NORMAL PACE OF PROJECT
SALES AS
FROM EARLY 2024
    * LOSSES ARE EXPECTED TO INCREASE IN THE SECOND HALF OF THE
YEAR,
LEADING TO ANNUAL RESULTS FOR 2023 THAT ARE LARGELY IN DEFICIT


Further company coverage:  ATEO.BR 

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