Brief: Befesa Q1 Revenue Up At EUR 322 Mln

Befesa SA

04/05/2023 06:34

May 4 (Reuters) - BEFESA SA  BFSA.DE :
    * BEFESA DELIVERS €50M EBITDA IN Q1, STABLE VERSUS THE
PREVIOUS
QUARTER
    * Q1 REVENUE INCREASED BY 23% TO EUR 322M (Q1 2022: EUR
261M)
MAINLY DRIVEN BY US OPERATIONS
    * Q1 ADJUSTED EBITDA AT EUR 50.1M, STABLE COMPARED TO Q4 AT
EUR
50.7M, DOWN 18% YOY (Q1 2022: EUR 61.1M)
    * OUTLOOK 2023: OUTLOOK: 2023 EBITDA EXPECTED TO BE BETWEEN
EUR
200M AND EUR 230M, -7% TO +7% YOY
    * DIVIDEND PROPOSAL FOR 2023: EUR 1.25 PER SHARE (2022: EUR
1.25)
    * US: INTEGRATING ZINC REFINING OPERATIONS ACQUIRED ON 30
SEPTEMBER 2022; DRIVING SYNERGIES THROUGH FOCUS ON PALMERTON,
PENNSYLVANIA, PLANT REFURBISHMENT
    * CHINA: HENAN PLANT RAMPING UP OPERATIONS; TWO PLANTS
OPERATING
IN 2023; PROGRESSING IN THIRD CHINESE PROVINCE, GUANGDONG

Source text for Eikon:  ID:nEQ2WSvBPa 
Further company coverage:  BFSA.DE 

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