Brief: Balta Group H1 Adjusted EBITDA Up At 37.3 Million Euros

Belysse NV

28/08/2019 06:24

Aug 28 (Reuters) - BALTA GROUP NV  BALTA.BR :
    * H1 REVENUE €351.4M +9.2%, ADJUSTED EBITDA FLAT AT €37.3M
ON A
LIKE-FOR-LIKE BASIS1 , ADJUSTED EBITDA MARGIN 10.6%
    * NET EARNINGS PER SHARE FOR THE FIRST SIX MONTHS OF 2019
WERE
€0.08, COMPARED TO €0.08 FOR THE SAME PERIOD LAST YEAR
    * H1 EBITDA FLAT DUE TO LOWER MARGIN IN RUGS DIVISION DRIVEN
BY
ADVERSE MIX AND TEMPORARILY HIGHER COSTS
    * NET DEBT AT THE END OF JUNE 2019 IS EQUAL TO €268.7M
(EXCLUDING
IFRS 16 EFFECT), VERSUS €272.3M AT THE END OF JUNE 2018
    * SEES SIGNIFICANT IMPROVEMENT IN EARNINGS AS FROM 2020
    * WE REMAIN ON TRACK FOR THE FULL YEAR 2019 GUIDANCE - CEO

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

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