Brief: Befesa H1 Adj. EBITDA At EUR 95 Mln

Befesa SA

27/07/2023 06:34

July 27 (Reuters) - BEFESA SA  BFSA.DE :
    * NAVIGATES CHALLENGING MARKET CONDITIONS, ACHIEVING €95M
ADJUSTED
EBITDA IN H1 2023
    * H1 REVENUE INCREASED BY 8% TO EUR 615M (H1 2022: EUR 573M)
MAINLY DRIVEN BY ZINC REFINING OPERATIONS
    * H1 ADJUSTED EBITDA AT EUR 95M (H1 2022: EUR 118M) MAINLY
DRIVEN
BY LOWER ZINC
    * OUTLOOK: OVERALL EXPECTING STRONGER H2 VERSUS H1; GUIDANCE
CONFIRMED
    * ADJUSTED EBITDA AT EUR 95M (H1 2022: EUR 118M) MAINLY
DRIVEN BY
LOWER ZINC LME PRICES AND UNFAVOURABLE ZINC TREATMENT CHARGES
(TC) (ADDS DROPPED WORDS)
    * PERSISTENTLY HIGH COKE PRICE WAS MORE THAN OFFSET BY LOWER
GAS
AND ELECTRICITY PRICES
    * EXPECTS A STRONGER OVERALL SECOND HALF OF YEAR

Source text for Eikon:  ID:nEQ6GwxhKa 
Further company coverage:  BFSA.DE 

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