Brief: Coil FY 2022 Net Loss Eur 3 Mln

Coil SA

28/04/2023 16:51

April 28 (Reuters) - Coil SA  ALCOI.PA :
    * LOWER RESULTS IN 2022 DUE TO ECONOMIC FACTORS AND
EXCEPTIONAL
CHARGES
    * NET FINANCIAL DEBT CONTAINED AT 26% OF EQUITY AT 31
DECEMBER
2022
    * NET INCOME DOWN TO EUR (3.0)M MAINLY DUE TO RECOGNITION OF
AN
IMPAIRMENT LOSS ON GOODWILL WITHOUT IMPACT ON CASH POSITION OF
COMPANY
    * EBITDA OF EUR 2.9M, DOWN TO 10.9% OF SALES DUE TO CHANGE
IN
PRODUCT MIX AND OVERALL INFLATION IN OPERATING COSTS
    * FY SALES OF EUR 26.7M (+6%) IMPACTED BY SHARPLY
FLUCTUATING
DISTRIBUTOR DEMAND IN TOLLING ACTIVITY. PROJECT BUSINESS WAS
STRONG IN EUROPE
    * ANTICIPATES LOWER DEMAND FOR TOLLING SERVICES IN FIRST
HALF
COMPARED TO PREVIOUS YEAR
    * COMPANY HAS TAKEN STEPS TO LIMIT IMPACT OF SLOWDOWN ON
MARGINS
IN TOLLING ACTIVITIES BY INCREASING ITS PRICES IN LINE WITH
INFLATION

Source text for Eikon:  ID:nGNE3gJNN2 
Further company coverage:  ALCOI.PA 

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