Brief: Balta Q1 Adjusted EBITDA Up At EUR 21.2 Mln

Belysse NV

12/05/2021 06:23

May 12 (Reuters) - Balta Group NV  BALTA.BR :
    * BALTA 2021 QUARTER ONE RESULTS
    * Q1 CONSOLIDATED REVENUE OF €152.6M (-4.5% YOY)
    * Q1 ADJUSTED EBITDA IMPROVED TO €21.2M (+23.9% YOY) AND
ADJUSTED
EBITDA MARGIN OF 13.9% (10.7% IN Q1 2020)
    * NET DEBT INCREASED BY €9.6M TO €292.8M AT Q1 2021 FROM
€283.2M
AT FYE 2020
    * TOTAL AVAILABLE LIQUIDITY AMOUNTED TO €98.3M AT Q1 2021,
COMPRISING CASH OF €87.2M AND €11.0M HEADROOM UNDER THE
REVOLVING CREDIT FACILITIES
    * ALL DIVISIONS REMAIN IMPACTED BY COVID-19 RESTRICTIONS IN
THEIR
KEY MARKETS
    * Q1 2021 MARGINS ALSO STILL REFLECT THE LOW RAW MATERIAL
COST
ENVIRONMENT EXPERIENCED DURING H2 2020

Source text for Eikon:  ID:nNDL99QD2S 
Further company coverage:  BALTA.BR 

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