Brief: Befesa S.A. FY 2022 EBITDA At EUR 215 Mln, Up 9% Y/Y

Befesa SA

02/03/2023 06:34

March 2 (Reuters) - BEFESA SA  BFSA.DE :
    * EQS-NEWS: BEFESA S.A.: BEFESA DELIVERS RECORD 2022 EBITDA
OF
€215M (+9% YOY) IN A CHALLENGING YEAR
    * BEFESA DELIVERS RECORD 2022 EBITDA OF EUR 215M (+9% YOY)
    * DIVIDEND PROPOSAL FOR 2022: EUR 1.25 PER SHARE (2021: EUR
1.25)
    * FY REVENUE INCREASED BY 38% TO EUR 1,136M (2021: EUR 822M)
MAINLY DRIVEN BY US OPERATIONS AND HIGHER METAL PRICES
    * FY ADJUSTED EBITDA GREW BY 9% TO EUR 215M (2021: EUR
198M);
REPORTED EBITDA INCREASED BY 24% TO EUR 235M (2021: EUR 190M)
DUE TO POSITIVE ACQUISITION IMPACT
    * FY NET PROFIT INCREASED BY 6% TO EUR 106M (2021: EUR 100M)
    * FY OPERATING CASH FLOW GREW BY 16% TO EUR 137M
    * TURKEY EARTHQUAKE : PLANT SUSTAINED ONLY MINOR DAMAGE AND
BEFESA
INTENDS TO RESTART OPERATIONS, PENDING AN ASSESSMENT OF SEVERITY
OF IMPACT OF EARTHQUAKE ON AREA, IN MARCH.

Source text for Eikon:  ID:nEQ9kxG13a 
Further company coverage:  BFSA.DE 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))