Brief: Azerion Group H1 Adjusted EBITDA Up At EUR 17.6 Mln

Azerion NV

31/08/2022 07:38

Aug 31 (Reuters) - Azerion Group NV  AZRN.AS :
    * AZERION PUBLISHES INTERIM UNAUDITED Q2 AND H1 2022 RESULTS
    * NET REVENUE OF EUR 104 MILLION, NEARLY DOUBLING Q2 2021,
DRIVEN
BY ACQUISITIONS AND ORGANIC GROWTH
    * H1 ADJUSTED EBITDA APPROACHING EUR 18 MILLION, UP BY MORE
THAN
83% COMPARED TO H1 2021
    * H1 NET REVENUE OF OVER EUR 198 MILLION, MORE THAN DOUBLING
H1
2021
    * CASH FLOW FROM OPERATING ACTIVITIES IN Q2 2022 WAS EUR
10.9
MILLION, EXCLUDING IMPACT OF EMPLOYEE SARS RELATED CASH OUTFLOWS
ASSOCIATED WITH DE-SPAC TRANSACTION
    * WE REMAIN ON TRACK TO DELIVER AT LEAST EUR 450 MILLION
REVENUE
THIS YEAR
    * IN Q2 2022 WE CAPITALIZED EUR 4.2 MILLION, WHICH IS
EQUIVALENT
TO 17.0% OF GROSS PERSONNEL COSTS
    * AS WE ACCELERATE INTEGRATION OF ACQUISITIONS, WE EXPECT
MORE
VALUE TO BE UNLOCKED FOR AZERION
    * Q2 GROSS PROFIT EUR 41.9 MILLION VERSUS EUR 20.8 MILLION
YEAR
AGO
    * NET INTEREST-BEARING DEBT AMOUNTED TO EUR 183.7 MILLION AS
AT 30
JUNE 2022

Source text for Eikon:  ID:nGNX9v4vXm 
Further company coverage:  AZRN.AS 

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