Brief: Balta Group H1 Adjusted EBITDA At EUR 44.2 Mln, Up 142.2%

Belysse NV

27/08/2021 06:36

Aug 27 (Reuters) - Balta Group NV  BALTA.BR :
    * H1 CONSOLIDATED REVENUE OF €318.3M (+19.5% YOY)
    * H1 ADJUSTED EBITDA IMPROVED SIGNIFICANTLY TO €44.2M
(+142.2%
YOY)
    * NET DEBT INCREASED SLIGHTLY BY 0.7% TO €294.9M AT H1 2021
COMPARED TO Q1 2021
    * H1 2021 ADJUSTED EBITDA WAS ALSO 18.6% STRONGER THAN IN H1
2019
    * TOTAL AVAILABLE LIQUIDITY AMOUNTED TO €98.3M AT Q2 2021,
COMPRISING CASH OF €87.5M AND €10.8M HEADROOM UNDER REVOLVING
CREDIT FACILITIES
    * IMPLEMENTED PRICE INCREASES ACROSS ALL DIVISIONS IN
RESPONSE TO
SHARP RAW MATERIAL, TRANSPORTATION COST INCREASES DURING H1 2021
    * PRICE INCREASES HAVE ALREADY STARTED TO BENEFIT Q2 2021
RESULTS,
WHILE COST INCREASES WILL MAINLY IMPACT H2 2021

Source text: https://bit.ly/2Wut1v1
Further company coverage:  BALTA.BR 

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