Brief: Balta Group Q3 Adjusted EBITDA Up At EUR 21.8 Mln

Belysse NV

06/11/2020 06:29

Nov 6 (Reuters) - BALTA GROUP NV  BALTA.BR :
    * Q3 2020 CONSOLIDATED REVENUE IS €144.4M (-7.2% YOY)
    * Q3 ADJUSTED EBITDA IS €21.8M (+26.3% YOY)
    * Q3 ADJUSTED EBITDA MARGIN IS 15.1% (UP FROM 11.1% IN Q3
2019)
    * Q3 NET DEBT DECREASED BY €38.8M VS. Q2 2020
    * THROUGHOUT Q3, ALL PLANTS WERE OPERATIONAL
    * WE REMAIN CONFIDENT WE CAN DELIVER EXPECTED EARNINGS
ENHANCEMENTS FROM NEXT INITIATIVES, ALBEIT WITH A DELAY DUE TO
SHORT TERM UNCERTAINTIES CREATED BY PANDEMIC - CEO

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nNDL9qgbZD
    
 Further company coverage:  BALTA.BR  
   


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