Brief: Banijay H1 Revenue EUR 2.09 Bln, Up 8.6% YoY

Banijay NV

01/08/2024 16:45

Aug 1 (Reuters) - Banijay Group NV  BNJ.AS :
    * BANIJAY GROUP: H1 2024 RESULTS
    * REVENUE UP +8.6% TO €2,093M IN H1 2024
    * H1 ADJUSTED EBITDA UP +11.7% TO €368M, ADJUSTED EBITDA
MARGIN OF
17.6% UP 60BP VERSUS H1 2023
    * H1 ADJUSTED NET INCOME UP +13.9% AT CURRENT CURRENCIES TO
€191M,
NET INCOME AT €40M (€12M IN H1 2023)
    * H1 ADJUSTED FREE CASH FLOW CONVERSION OF 77% (VERSUS 84%
IN H1
2023)
    * STRONG LIQUIDITY POSITION OF €397M AND STABLE 3.1X
LEVERAGE
RATIO INCLUDING THE PAYMENT OF DIVIDEND (30 JUNE 2024 VERSUS 31
DECEMBER 2023)
    * WELL ON TRACK TO MEET FY EARNINGS GUIDANCE
    * GUIDANCE FOR THE YEAR OF ORGANIC ADJUSTED EBITDA GROWTH IN
THE
LOW TEEN

Source text for Eikon:  urn:newsml:reuters.com:*:nGNE3bmf0M
Further company coverage:  BNJ.AS 

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