Brief: Azerion Group Q1 Adjusted EBITDA Up At EUR 9.8 Mln

Azerion NV

30/05/2024 06:41

May 30 (Reuters) - Azerion Group NV  AZRN.AS :
    * INTERIM Q1 2024 RESULTS
    * ADJUSTED EBITDA IN Q1 2024 OF EUR 9.8 MILLION, AN INCREASE
OF
12.6%
    * TOTAL REVENUE OF EUR 119.7 MILLION IN Q1 2024, UP 6.2%
FROM EUR
112.7 MILLION IN Q1 2023
    * TOTAL OPERATING EXPENSES DOWN 23% IN Q1 2024 AS COMPARED
TO Q1
2023 DUE TO DELIVERY OF ONGOING OPTIMISATION AND EFFICIENCY
PROGRAMMES
    * CASH FLOW FROM OPERATING ACTIVITIES IN Q1 2024 WAS AN
INFLOW OF
APPROXIMATELY EUR 1.7 MILLION, MAINLY DUE TO MOVEMENTS IN NET
WORKING CAPITAL
    * NET INTEREST BEARING DEBT AMOUNTED TO EUR 158.1 MILLION AS
AT 31
MARCH 2024
    * Q1 NET LOSS EUR 16.3 MILLION VERSUS LOSS EUR 12.4 MILLION
YEAR
AGO
    * GUIDANCE PREVIOUSLY PROVIDED REMAINS UNCHANGED

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Further company coverage:  AZRN.AS 

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