Brief: Cenergy Holdings FY Consolidated Net Profit After Tax Down At EUR 22.1 Million

Cenergy Holdings

16/03/2022 17:56

March 16 (Reuters) - Cenergy Holdings SA  CENER.BR :
    * OULOOK: INCREASED DEMAND LEVEL FOR CABLE PRODUCTS BUSINESS
UNIT
EXPECTED TO BE MAINTAINED 
    * CENERGY HOLDINGS SA - FY RESULTS
    * FY REVENUE EXCEEDS EUR 1 BILLION (16% GROWTH Y-O-Y)
    * FY OPERATIONAL PROFITABILITY REMAINS SOLID WITH A-EBITDA
AT EUR
104 MILLION (2% GROWTH Y-O-Y)
    * OULOOK: THE  CABLES SEGMENT IS EXPECTED TO CONTINUE TO
BENEFIT
FROM THE ROBUST SET OF SECURED PROJECTS
    * END-FY NET DEBT IS DOWN BY EUR 66 MILLION TO LOW LEVELS OF
EUR
264 MILLION
    * OULOOK:  LOOKS AHEAD TO A POSITIVE YEAR, WITH STEADY
REVENUE
SUPPORTING OPERATIONAL MARGINS,  WHILE ITS COMPANIES’ SOLID
STRUCTURE AND ADVANCED TECHNOLOGY OFFER CONFIDENCE FOR LONG-TERM
SUSTAINABLE GROWTH
    * FY CONSOLIDATED NET PROFIT AFTER TAX REACHED EUR 22.1
MILLION
VERSUS. EUR 24.9 IN 2020
    * FREE CASH FLOW FOR 2021 REACHED EUR 68 MILLION
    * FY THE ORDER BACKLOG ALSO BREAKS THE EUR 1 BILLION BARRIER
AS OF
31 DECEMBER 2021, DRIVEN BY SIGNIFICANT ORDER INTAKES IN BOTH
SEGMENTS DURING THE LAST QUARTER OF THE YEAR
    * FY CONSOLIDATED PROFIT BEFORE TAX WAS IMPACTED BY THE
ONE-OFF
PROVISION OF EUR 12.8 MILLION (USD 14 MILLION PLUS INTEREST)
FROM THE RECENT US ANTIDUMPING DUTY ON STEEL PIPES (EUR 30.5
MILLION VERSUS. EUR 35.6 IN 2020)
    * FY CAPITAL EXPENDITURE OF EUR 44.5 MILLION
    * CENERGY HOLDINGS SA -THE STRONG SALES AND OPERATIONAL
PERFORMANCE OF 2021 CONFIRMS OUR ABILITY TO KEEP MOVING AHEAD
AND FOSTER  FURTHER THE ENERGY TRANSITION PARADIGM BY OFFERING
QUALITY PRODUCTSTO OUR PARTNERS ACROSS THE GLOBE - CEO
    * FY EARNINGS PER SHARE EUR 0.11610

Source text for Eikon:  ID:nNDL5wcYCD 
Further company coverage:  CENER.BR 

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