Brief: Axactor Q3 EBITDA Rises To EUR 30 Mln

Axactor ASA

27/10/2022 06:36

Oct 27 (Reuters) - Axactor ASA  ACR.OL :
    * Q3 GROSS REVENUE OF EUR 82M (UP 17%)
    * Q3 EBITDA OF EUR 30M (UP 133%)
    * OUTLOOK: INTEREST EXPENSE ON BORROWINGS IS EXPECTED TO
INCREASE
BY EUR 2.1M FROM Q3 TO Q4 OF 2022. A FURTHER 1PP INCREASE IN
INTEREST RATES IS ESTIMATED TO INCREASE QUARTERLY INTEREST
EXPENSES BY EUR 1.8 MILLION
    * OUTLOOK ON BACKBOOK COLLECTIONS: RISING INFLATION AND
INTEREST
RATES MIGHT PUT PRESSURE ON DEBTORS' ABILITY TO REPAY AND
POSTPONE COLLECTIONS WHEREAS LOW UNEMPLOYMENT RATES, INCREASING
SALARIES AND GOVERNMENT AID PACKAGES IS EXPECTED TO PARTLY
OFFSET CHALLENGES

Source text for Eikon:  ID:nObiXsjFta 
Further company coverage:  ACR.OL 
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