Brief: Befesa H1 EBITDA Up At EUR 118 Mln

Befesa SA

28/07/2022 06:49

July 28 (Reuters) - BEFESA SA  BFSA.DE :
    * CONTINUES TO DELIVER WITH 25% YOY EBITDA GROWTH AND €118M
IN H1,
DESPITE VOLATILE MARKET ENVIRONMENT
    * H1 ADJUSTED EBITDA 118 MILLION EUR VERSUS 94.1 MILLION EUR
YEAR
AGO
    * H1'22 ADJUSTED EBITDA AT RECORD EUR 118M, +25% OR +EUR 24M
YOY
(H1'21: EUR 94M);
    * Q2'22 ADJUSTED EBITDA AT EUR 57M, +26% YOY (Q2'21: EUR
45M)
    * CHINA EXPANSION: PROGRESS CONTINUED WITH OPERATIONAL
DISRUPTIONS
DUE TO COVID MANAGED; WORKING ON NEW PROJECTS
    * FINALISING NEW 5-YEAR SUSTAINABLE GLOBAL GROWTH PLAN
(SGGP) WITH
DETAILS TO BE SHARED AT CAPITAL MARKETS DAY IN Q4
    * BEFESA CLOSED Q2'22 WITH RECORD CASH ON HAND OF EUR 239M,
UP EUR
15M FROM YEAR-END 2021
    * RECORD CASH ON HAND AT EUR 239M & >EUR 300M LIQUIDITY; NET
LEVERAGE FURTHER REDUCED TO X2.09

Source text for Eikon:  ID:nEQ4nfBJha 
Further company coverage:  BFSA.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))