Brief: Balta Group FY Adjusted EBITDA Up At 634.3 Million Euros

Belysse NV

25/02/2022 09:14

Feb 25 (Reuters) - Balta Group NV  BALTA.BR :
    * FY 2021 CONSOLIDATED REVENUE OF €634.3M (+12.9% YOY)
    * FY 2021 ADJUSTED EBITDA OF €87.0M (+28.0% YOY) AND
ADJUSTED
EBITDA MARGIN OF 13.7% (12.1% FY 2020)
    * THE 4- YEAR BEYOND PROGRAM WILL BE DETAILED AT THE END OF
H1
2022
    * THE BOARD WILL NOT PROPOSE A DIVIDEND FOR THE YEAR
    * END-FY NET DEBT INCREASED BY €47.5M TO €330.7M FROM
€283.2M AT
END-2020
    * TOTAL AVAILABLE LIQUIDITY AMOUNTED TO €69.7M AT FYE 2021,
COMPRISING CASH OF €55.3M AND A FURTHER €14.5M HEADROOM TO DRAW
UNDER REVOLVING CREDIT FACILITIES
    * OUR MANUFACTURING AND DISTRIBUTION ACTIVITIES WENT BACK TO
NORMAL LEVELS - CEO  AND CHAIRMAN SAYS
    * WE EXPECT MORE COST INFLATION IMPACTS IN 2022, WHICH WILL
REQUIRE FURTHER ACTIONS- CEO AND CHAIRMAN SAYS
    * 2021 INCREASE IN COMMODITY PRICES LEADING TO COST
INCREASES
    * IMPACT OF CURRENCY FLUCTUATIONS AND INTERNATIONAL
TRANSPORT
COSTS WILL BE SIGNIFICANTLY REDUCED IN THE CONTINUING OPERATIONS
- CEO AND CHAIRMAN SAYS

Source text for Eikon:  ID:nNDL4Bxv6t 
Further company coverage:  BALTA.BR 

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