Brief: B&S Group H1 EBITDA Up At EUR 45.6 Mln

B&S SA

23/08/2021 06:22

Aug 23 (Reuters) - B&S GROUP SA  BSGR.AS :
    * INTERIM REPORT 2021
    * HY 2021 OVERALL TURNOVER DECLINED BY 1.5% (INCREASED 2.3%
AT
CONSTANT CURRENCY)
    * H1 TURNOVER EUR 823.6 MLN VS EUR 835.8 MLN YR AGO
    * H1 EBITDA INCREASED 29.2% TO € 45.6 M (HY 2020: € 35.3 M)
    * H1 GROSS PROFIT CAME IN AT € 126.8 M (HY 2020: € 114.9 M)
    * H1 OPERATING CASH FLOW STOOD AT € -29.1 M (HY 2020: € 70.4
M)
    * BASED ON THE CURRENT MARKET OUTLOOK WE FORESEE A PARTIAL
RECOVERY OF OVERALL GROUP SALES VOLUMES IN Q3 WITH FURTHER
POSITIVE TRENDS TOWARDS AND IN Q4
    * INDIRECT IMPACT FROM COVID-19 RESULTING IN CONTAINER
SHORTAGES
AND PRODUCT SCARCITY IS EXPECTED TO CONTINUE TO HAVE AN EFFECT
IN H2 2021
    * EVEN THOUGH WE EXPECT THIS SCARCITY TO HAVE A POSITIVE
EFFECT ON
OUR GROSS PROFIT WE ALSO EXPECT THIS TO LIMIT OUR TURNOVER
GROWTH IN H2
    * WE DO ANTICIPATE OUR EBITDA MARGINS IN H2 TO INCREASE
FURTHER
COMPARED TO H1
    * ALL IN ALL, WE EXPECT TO MEET OUR EBITDA MARGIN TARGET OF
AT
LEAST 6% AT FY 2021
    * WE REITERATE OUR NET DEBT / EBITDA AND ROIWC OBJECTIVES

Source text for Eikon:  ID:nNDL86LP5b 
Further company coverage:  BSGR.AS 

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