Brief: Bewi Q3 Adjusted EBITDA Up At EUR 34.2 Million

Bewi ASA

03/11/2021 06:07

Nov 3 (Reuters) - Bewi ASA  BEWI.OL :
    * BEWI - RESULTS FOR THE THIRD QUARTER OF 2021
    * BEWI - RESULTS FOR THE THIRD QUARTER OF 2021
    * NET SALES OF 193.0 MILLION EURO FOR Q3 OF 2021, COMPARED
TO
122.1 MILLION EURO FOR SAME QUARTER LAST YEAR
    * Q3 ADJUSTED EBITDA CAME IN AT 34.2 MILLION EURO FOR
QUARTER, UP
FROM 17.9 MILLION FOR Q3 LAST YEAR
    * RECORD-HIGH RESULTS WERE DRIVEN BY CONTINUED STRONG DEMAND
AND
GOOD OPERATIONAL PERFORMANCE
    * BEWI IS EXPERIENCING SOLID DEMAND, DESPITE CHALLENGING
MARKET
CONDITIONS IN SOME END-MARKETS
    * MOST INDUSTRIES ARE IMPACTED BY UNCERTAINTY RELATED TO
SHORTAGE
AND/OR DELAY IN DELIVERIES OF COMPONENTS, AS WELL AS COST
INFLATION ON OPERATIONAL COSTS SUCH AS ENERGY, TRANSPORT, AND
RAW MATERIALS
    * BEWI EXPECTS THIS TO IMPACT MARGINS IN Q4
    * EPS CONTRACT PRICES HAVE REMAINED HIGH, RESULTING IN
EXPECTATIONS OF A GAP REMAINING ABOVE HISTORICALLY NORMAL RANGE
OF EUR 360 TO 400 PER TON ALSO FOR Q4

Source text for Eikon:  ID:nWkr11Gmhh 
Further company coverage:  BEWI.OL 

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