Brief: Befesa Forecasts Full-Year EBITDA Between Eur 195 Mln And Eur 235 Mln

Befesa SA

25/04/2024 06:39

April 25 (Reuters) - BEFESA SA  BFSA.DE :
    * BEFESA BUILDS MOMENTUM QUARTER-ON-QUARTER AND FORECASTS
FULL-YEAR EBITDA BETWEEN €195M AND €235M FOR 2024
    * OUTLOOK 2024: EBITDA EXPECTED BETWEEN EUR 195M AND EUR
235M, +7%
TO +29% YOY
    * IN Q1 2024, BEFESA'S OPERATING CASH FLOW AMOUNTED TO EUR
14.5M
(Q1 2023: EUR 19.8M)
    * EARNINGS IN 2024 WILL BE POSITIVELY IMPACTED BY
SIGNIFICANTLY
LOWER ZINC TC, SET AT $165/T FOR 2024 (2023: $274/T)
    * GUIDANCE RANGE IS MAINLY DRIVEN BY METAL PRICE VOLATILITY,
RECOVERY PACE OF COKE PRICE AND CONTRIBUTION FROM US AND CHINESE
OPERATIONS
    * DESPITE CURRENT MARKET CHALLENGES, BEFESA RECOGNISES A
SIGNIFICANT GROWTH OPPORTUNITY IN CHINA AND MAINTAINS A POSITIVE
MIDTERM OUTLOOK

Source text for Eikon:  ID:nEQ948lFGa 
Further company coverage:  BFSA.DE 

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