Brief: Azerion Q3 Cash Flow Turns Negative At Approximately Eur 15.8 Mln Outflow

Azerion NV

30/11/2023 06:40

Nov 30 (Reuters) - Azerion Group NV  AZRN.AS :
    * Q3 NET REVENUE OF APPROXIMATELY EUR 108.5 MILLION, UP
+2.8% FROM
APPROXIMATELY
    * ON TRACK TO DELIVER EXPECTED ANNUALIZED COST SAVINGS OF AT
LEAST
EUR 20 MILLION, EXCLUDING ANY EFFECTS FROM FOREIGN EXCHANGE
    * "FOR FULL YEAR 2023, WE CONTINUE TO EXPECT ADJUSTED EBITDA
TO BE
AT LEAST EUR 75 MILLION"-CEO
    * CASH FLOW FROM OPERATING ACTIVITIES IN Q3 2023 WAS A
NEGATIVE
FLOW OF APPROXIMATELY EUR 15.8 MILLION
    * IN Q3 2023 AZERION CAPITALIZED EUR 3.9 MILLION
    * NET INTEREST BEARING DEBT AMOUNTED TO EUR 152.3 MILLION AS
OF 30
SEPTEMBER 2023

Source text for Eikon:  ID:nGNEc5RvhD 
Further company coverage:  AZRN.AS 

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