Brief: Brunel Q1 EBIT Up At EUR 15.6 million

Brunel International NV

29/04/2022 06:41

April 29 (Reuters) - Brunel International NV  BRUN.AS :
    * BRUNEL REPORTS STRONG ORGANIC GROWTH SUPPORTED BY ALL
REGIONS,
ADDITIONAL BOOST FROM TAYLOR HOPKINSON ACQUISITION
    * STRONG CASH POSITION MAINTAINED AT EUR 103 MILLION
    * Q1 EBIT UP 46% TO EUR 15.6 MILLION
    * Q1 REVENUE OF EUR 275 MILLION, UP 29%, 18% GROWTH
LIKE-FOR-LIKE
    * COMPARED TO Q1 2022, GROSS MARGIN AND EBIT IN Q2 2022 ARE
EXPECTED TO BE LOWER THAN Q1 DUE TO SEASONALITY AND A LOWER
NUMBER OF WORKING DAYS, FOLLOWING THE NORMAL TREND IN OUR
BUSINESS
    * WE EXPECT THE CURRENT FAVOURABLE TRENDS TO CONTINUE
THROUGHOUT
Q2 2022
    * IN Q1 2022, RUSSIA CONTRIBUTED EUR 9.7 MILLION REVENUE AND
EUR
0.8 MILLION EBIT TO BRUNEL’S RESULTS
    * THE NET INVESTMENT IN RUSSIA AT 31 MARCH 2022 IS EUR 14
MILLION
    * FAVOURABLE TRENDS TO CONTINUE THROUGHOUT Q2 2022: REVENUE
WILL
BE HIGHER Y-O-Y AT A SLIGHTLY LOWER OVERALL GROSS MARGIN
COMPARED TO THE SAME QUARTER IN 2021
    * BRUNEL IS IN THE PROCESS OF SELLING THE ACTIVITIES IN
RUSSIA TO
LOCAL MANAGEMENT

Source text for Eikon:  urn:newsml:reuters.com:*:nGNE9d6NQX
Further company coverage:  BRUN.AS 

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