Brief: Azerion Q2 EBITDA Up At EUR 18.5 Mln

Azerion NV

31/08/2023 06:17

Aug 31 (Reuters) - Azerion Group NV  AZRN.AS :
    * AZERION PUBLISHES INTERIM Q2 AND H1 2023 RESULTS
    * AZERION GROUP NV Q2 REVENUE ROSE 17 PERCENT TO EUR 122.0
MILLION
    * NET REVENUE OF APPROXIMATELY EUR 122 MILLION FOR Q2 2023
    * UPGRADED EXPECTED ANNUALIZED COST SAVINGS TO AT LEAST EUR
20
MILLION FROM AT LEAST EUR 15 MILLION
    * UPDATED GUIDANCE FOR FULL YEAR 2023 CONFIRMS ADJUSTED
EBITDA
STILL EXPECTED TO BE AT LEAST EUR 75 MILLION
    * ADJUSTED EBITDA WAS EUR 18.5 MILLION FOR QUARTER COMPARED
TO EUR
11.7 MILLION IN Q2 2022
    * CASH FLOW FROM OPERATING ACTIVITIES IN Q2 2023 WAS AN
INFLOW OF
EUR 7.5 MILLION

Source text for Eikon:  ID:nGNX5GY8Hz 
Further company coverage:  AZRN.AS 

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