Brief: Cenergy Holdings FY EBITDA Up At 90.3 Million Euros

Cenergy Holdings

18/03/2020 17:27

March 18 (Reuters) - CENERGY HOLDINGS SA  CENER.BR :
    * FY REVENUE EUR 958.0 MILLION VERSUS EUR 963.8 MILLION YEAR
AGO
    * FY EBITDA EUR 90.3 MILLION VERSUS EUR 56.2 MILLION YEAR
AGO
    * NET DEBT FELL TO EUR 414 MILLION ON DECEMBER 31ST, 2019
    * GIVEN THE STRONG FORECAST OF NEW PROJECTS AND THE
POTENTIAL OF
EXPANDING TO NEW MARKETS, THE CONSIDERABLE BACKLOG OF ORDERS AND
THE GROWTH POTENTIAL OF THE OFFSHORE CABLES SECTOR, THE OVERALL
OUTLOOK FOR THE CABLES SEGMENT REMAINS POSITIVE FOR 2020,
DESPITE THE VOLATILITY NOTICED IN THE GLOBAL ECONOMIC
ENVIRONMENT
    * OUTLOOK: CORINTH PLANT IS EXPECTED TO RETAIN THE HIGH
UTILISATION CAPACITY THROUGHOUT 2020 AND THIS WILL BE THE MAIN
DRIVER FOR THE SEGMENT’S PROFITABILITY
    * OUTLOOK: THE THIVA PLANT IS ALSO EXPECTED TO OPERATE AT
HIGH
UTILISATION LEVELS THROUGHOUT 2020
    * ON CORONAVIRUS: THE PANDEMIC OF COVID-19 IS EXPECTED TO
DISTURB
SUPPLY CHAINS AROUND THE WORLD, SO THE SUBSIDIARIES CLOSELY
MONITOR THE DEVELOPMENTS IN REGARDS TO THE OUTBREAK AND ARE
READY TO ADDRESS ANY SHORT-TERM DEMAND FLUCTUATIONS
    * OUTLOOK: INTERNATIONAL POLITICAL FACTORS WILL CONTINUE TO
WEIGH
HEAVILY ON PERFORMANCE IN 2020 WHILE GLOBAL POPULATION GROWTH
AND URBANISATION CONTINUE TO ENSURE POSITIVE LONG-TERM PROSPECTS
OF OUR INDUSTRY

Source text: https://bit.ly/2vv8zww
Further company coverage:  CENER.BR 

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