Brief: Cenergy Holdings FY Loss Widens To 4.8 Million Euros

Cenergy Holdings

22/03/2018 07:09

March 22 (Reuters) - CENERGY HOLDINGS SA  CENER.BR :
    * FY ADJUSTED EBITDA OF EUR 57.3 MILLION COMPARED TO EUR
59.7
MILLION IN 2016;
    * FY LOSS EUR 4.8 MILLION VERSUS LOSS EUR 3.8 MILLION YEAR
AGO
    * PROJECTS SECURED FOR 2018 SIGNAL A POSITIVE OUTLOOK FOR
THE
YEAR‍​
    * FY REVENUE EUR 758 MILLION VERSUS EUR 692 MILLION YEAR AGO
    * THE TAP PIPELINE TO TRANSPORT AZERI GAS TO EUROPE AND ITS
INTERCONNECTIONS TO VARIOUS COUNTRIES IS EXPECTED TO PRESENT
FURTHER OPPORTUNITIES THROUGHOUT THE YEAR
    * SEES 2018 RAW MATERIALS PRICES REMAINING HIGH, WHICH MAY
NEGATIVELY AFFECT PROFIT MARGINS
    * SAYS IMPROVEMENTS IN CENERGY HOLDINGS’ OPERATING
ENVIRONMENT ARE
EXPECTED TO CONTINUE TO DRIVE DEMAND FOR NEW OFFSHORE PROJECTS
IN EUROPE IN 2018
    * SAYS THE RECOVERY OF THE CABLES PRODUCTS MARKET IN WESTERN
EUROPE IS ENCOURAGING AND IS EXPECTED TO PRESENT FURTHER
OPPORTUNITIES IN 2018

Source text : http://bit.ly/2FTqiSp
Further company coverage:  CENER.BR 

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