Brief: Broadpeak Sees Return To Positive Free Cash Flow In 2024

Broadpeak SA

13/02/2024 17:22

Feb 13 (Reuters) - Broadpeak SA  ALBPK.PA :
    * BROADPEAK REPORTS ANNUAL REVENUE
    * OUTLOOK FOR 2024:SEVERAL MAJOR ORDERS EXPECTED TO BE
SIGNED IN
COMING WEEKS
    * OUTLOOK 2024: COST SAVINGS IMPLEMENTED TO RETURN TO
POSITIVE
FREE CASH FLOW OVER FINANCIAL YEAR
    * AT 31 DECEMBER 2023, ANNUAL REVENUE AMOUNTED TO EUR 39M,
COMPARED WITH EUR 41.9M IN 2022
    * ORDER INTAKE MOMENTUM IS FAVOURABLE AT START OF 2024
    * THIS DISAPPOINTING TREND REFLECTS TIGHTER BUSINESS
CONDITIONS,
WITH A MARKED WAIT-AND-SEE ATTITUDE ON PART OF TV AND TELECOM
OPERATORS
    * LOOKING BEYOND 2024, LAG IN GROWTH IN PAST FEW MONTHS WILL
LEAD
GROUP TO ADJUST ITS FINANCIAL TARGETS FOR 2026 WHEN IT PUBLISHES
ITS ANNUAL RESULTS ON 15 APRIL
    * RECURRING REVENUE INCREASED BY 41% OVER YEAR TO EUR 12.8M

Source text for Eikon:  ID:nEQ2WK6Qba 
Further company coverage:  ALBPK.PA 

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