Brief: Befesa Q1 Adjusted EBITDA Up 25% At EUR 61.1 Mln

Befesa SA

26/04/2022 06:37

April 26 (Reuters) - Befesa SA  BFSA.DE :
    * Q1 2022 REVENUE (NOT ADJUSTED EBITDA) 261.4 MILLION EUR
VERSUS
192.6 MILLION EURO IN Q1 2021
    * DGAP-NEWS: BEFESA S.A.: BEFESA DELIVERS RECORD €61M EBITDA
UP
25% IN Q1 AND GUIDES TOWARDS STRONG FULL-YEAR GROWTH, DESPITE
VOLATILE MARKET ENVIRONMENT
    * Q1'22 ADJUSTED EBITDA AT RECORD EUR 61.1M, +25% OR +EUR
12M YOY
(Q1'21: EUR 48.8M)
    * US OPERATIONS DELIVERING AS PLANNED, DRIVING PROGRESS ON
INTEGRATION AND SYNERGIES
    * CHINA EXPANSION ON TRACK: FIRST PLANT IN JIANGSU IN
COMMERCIAL
PRODUCTION AND SELLING WAELZ OXIDE (WOX) AT HIGH-CAPACITY
LOADING; SECOND PLANT IN HENAN RAMPING UP IN Q2 WITH COMMERCIAL
OUTPUT IN H2
    * OUTLOOK: FY'22 EBITDA EXPECTED TO BE BETWEEN EUR 220M AND
EUR
270M, +11 TO +37% YOY GROWTH
    * BOARD PROPOSING A EUR 50M DIVIDEND (EUR 1.25 PER SHARE) AT
ANNUAL GENERAL MEETING (AGM), EQUAL TO 50% OF FY'21 NET PROFIT
OF EUR 99.7M, AT UPPER END OF BEFESA'S DIVIDEND POLICY

Further company coverage:  BFSA.DE 

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