Brief: Balta Group H1 Consolidated Revenue Down 3.6 Percent At 321.9 Million Euros

Belysse NV

27/08/2018 06:25

Aug 27 (Reuters) - BALTA GROUP NV  BALTA.BR :
    * H1 CONSOLIDATED: REVENUE OF €321.9M -3.6%, ADJUSTED EBITDA
OF
€34.2M -26.6%, EBITDA MARGIN OF 10.6% (
    * SAYS LEVERAGE OF 3.8X (NET DEBT OF €272.3M) COMPARED TO
2.9X AT
DECEMBER 2017 
    * THE BOARD OF BALTA ANNOUNCED THAT, WITH IMMEDIATE EFFECT,
MR TOM
DEBUSSCHERE IS STEPPING DOWN AS CHIEF EXECUTIVE BY MUTUAL
AGREEMENT
    * UNTIL THIS PROCESS IS COMPLETED, MR CYRILLE RAGOUCY, THE
CHAIRMAN OF THE BOARD, WILL BECOME INTERIM CEO
    * WILL DELIVER AN IMPROVED EBITDA RUN RATE IN THE SECOND
HALF OF
2018 
    * WE NOW ANTICIPATE FULL YEAR EBITDA BELOW THE PREVIOUS
GUIDANCE,TO DELIVER STRONGER EBITDA RUN RATE IN H2 2018

Source text for Eikon:  ID:nNDL3pbTNw 
Further company coverage:  BALTA.BR 

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