Brief: Azerion Sees FY 2024 Ajusted Ebitda In Range Of Circa €75 Mln to €80 Mln

Azerion NV

28/02/2024 06:27

Feb 28 (Reuters) - Azerion Group NV  AZRN.AS :
    * NET REVENUE OF EUR 171.8 MILLION, UP 15.5% FROM EUR 148.8
MILLION IN Q4 2022
    * OUTLOOK: NET REVENUE FOR FY 2024 IS EXPECTED TO BE IN THE
RANGE
OF APPROXIMATELY € 540 MILLION TO € 560 MILLION
    * DELIVERED EXPECTED ANNUALISED COST SAVINGS OF AT LEAST EUR
20
MILLION IN FY
    * OUTLOOK 2024: ANNUAL GROWTH THEREAFTER IN THE MEDIUM TERM
EXPECTED TO BE APPROXIMATELY 10%
    * OUTLOOK 2024: ADJUSTED EBITDA IN THE RANGE OF C. € 75
MILLION TO
€ 80 MILLION, WITH ANNUAL ADJUSTED EBITDA MARGIN  IN THE
MID-TERM EXPECTED TO BE IN THE RANGE OF APPROXIMATELY 14% TO 16%
    * Q4 ADJUSTED EBITDA OF € 25.9 MILLION, UP 17.2% FROM € 22.1
MILLION IN Q4
    * FY NET REVENUE OF € 515.0 MILLION FY 2023, UP 13.8% FROM €
452.6
MILLION FY 2022
    * FY ADJUSTED EBITDA OF € 71.4 MILLION FY 2023, UP 37.0%
FROM €
52.1 MILLION FY 2022
    * CASH FLOW FROM OPERATING ACTIVITIES FOR FY 2023 WAS AN
INFLOW OF
€ 54.4 MILLION

Source text for Eikon:  urn:newsml:reuters.com:*:nGNE61fNgg
Further company coverage:  AZRN.AS 

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