Brief: Cenergy Holdings H1 EBITDA Up At 39.0 Million Euros

Cenergy Holdings

25/09/2019 17:54

Sept 25 (Reuters) - CENERGY HOLDINGS SA  CENER.BR :
    * H1 FINANCIAL UPDATE
    * IN THE STEEL PIPES SEGMENT, THE GLOBAL ECONOMIC
ENVIRONMENT IN
WHICH CORINTH PIPEWORKS OPERATES REMAINS VOLATILE, AS A RESULT
OF THE IMPOSITION OF TARIFFS AND ANTIDUMPING DUTIES BY THE USA
    * H1 REVENUE EUR 496.7 MILLION VERSUS EUR 451.0 MILLION YEAR
AGO
    * CPW MAINTAINS ITS POSITIVE OUTLOOK FOR THE SECOND HALF OF
2019
WITH MAJOR PROJECT AWARDS EXPECTED IN THE NORTH AND BALTIC SEA
AS WELL AS IN THE USA.
    * H1 EBITDA EUR 39.0 MILLION VERSUS EUR 26.0 MILLION YEAR
AGO
    * IN THE CABLES SEGMENT THE OVERALL OUTLOOK REMAINS POSITIVE
    * PROFIT FOR THE PERIOD AMOUNTED TO EUR 4.3 MILLION IN H1
2019
COMPARED TO A LOSS AFTER TAX OF EUR 1.1 MILLION IN H1 2018
    * CENERGY HOLDINGS EXPECTS TO MAINTAIN THE POSITIVE MOMENTUM
NOTICED IN H1 2019.

Further company coverage:  CENER.BR 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 09 20;))