Brief: Cabka FY Operational Ebitda EUR 24.2 Mln, Up 8% YoY

Cabka NV

19/03/2024 17:52

March 19 (Reuters) - Cabka NV  CABKA.AS :
    * 2023: STRATEGY ON TRACK, DRIVING IMPROVED PROFITABILITY
    * FY 2023 SALES OF EUR 197 MILLION (2022: EUR 209 MILLION)
    * FY OPERATIONAL EBITDA 8% HIGHER AT EUR 24.2 MILLION (2022:
EUR
22.5 MILLION)
    * FY NET INCOME FROM OPERATIONS EUR 2.5 MILLION (2022: EUR
1.6
MILLION)
    * FY CASH FLOW FROM OPERATING ACTIVITIES SIGNIFICANTLY
IMPROVED TO
EUR 27.1 MILLION (2022: EUR 5.3 MILLION)
    * PROPOSED CASH DISTRIBUTION OF EUR 0.15 PER SHARE
    * SUCCESSFULLY SECURED DEBT REFINANCING OF EUR 80 MILLION AT
IMPROVED TERMS
    * EXPECTATIONS OF DELIVERING MID-SINGLE DIGIT SALES GROWTH
FOR
FULL YEAR, AND AN EBITDA MARGIN WITHIN 13-15% RANGE
    * GOING INTO 2024 WE EXPECT TO SEE A RECOVERY BY Q2
    * TOTAL CASH BALANCE AT 31 DECEMBER 2023 WAS EUR 7.3 MILLION
(31
DECEMBER 2022: EUR 21.0 MILLION)

Source text for Eikon:  urn:newsml:reuters.com:*:nGNE23RpCW
Further company coverage:  CABKA.AS 

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