Brief: Azerion Q3 Adjusted EBITDA Down At Over EUR 12 Mln

Azerion NV

30/11/2022 06:36

Nov 30 (Reuters) - AZERION GROUP NV  AZRN.AS :
    * REG-AZERION PUBLISHES INTERIM UNAUDITED Q3 2022 RESULTS
    * Q3 REVENUE OF ALMOST EUR 106 MILLION, COMPARED TO EUR 84
MILLION
IN Q3 2021, MAINLY DRIVEN BY STRONG GROWTH IN PLATFORM SEGMENT
    * Q3 ADJUSTED EBITDA OF OVER EUR 12 MILLION, DOWN BY 30%
COMPARED
TO Q3 2021
    * WE ARE ON TRACK TO DELIVER AT LEAST EUR 450 MILLION
REVENUE THIS
YEAR AND WE WILL CONTINUE INTEGRATING OUR ACQUISITIONS AND
BUILDING VOLUMES IN OUR HIGHER-MARGIN PRODUCTS
    * OUR CASH FLOW FROM OPERATING ACTIVITIES IN Q3 2022 WAS AN
INFLOW
OF EUR 2.8 MILLION
    * ON TRACK TO DELIVER REVENUE OF AT LEAST EUR 450 MILLION
FOR FULL
FINANCIAL YEAR 2022, WITH ADJUSTED EBITDA EXPECTED TO BE OVER
EUR 50 MILLION

Source text for Eikon:  ID:nGNE2DSm2Q 
Further company coverage:  AZRN.AS 
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