Brief: Colas Q1 Current Operating Loss Widens To 293 Million Euros

COLAS SA

12/05/2022 06:52

May 12 (Reuters) - COLAS  COLP.PA :
    * END-Q1 ORDER BACKLOG AT A RECORD €12 BILLION, UP 12%
YEAR-ON-YEAR AT CONSTANT EXCHANGE RATES AND EXCLUDING MAJOR
ACQUISITIONS AND DISPOSALS
    * Q1 REVENUE AT €2.4 BILLION, UP 19% COMPARED TO Q1 2021
(+12% AT
CONSTANT SCOPE & EXCHANGE RATES)
    * Q1 CURRENT OPERATING PROFIT AT -€293 MILLION, DOWN €16
MILLION
COMPARED TO Q1 2021
    * Q1 NET PROFIT ATTRIBUTABLE TO THE GROUP AT -€232 MILLION,
DOWN A
SLIGHT €5 MILLION COMPARED TO Q1 2021
    * END-Q1 FREE CASH FLOW AT -€308 MILLION, DOWN €34 MILLION
COMPARED TO Q1 2021
    * END-Q1 NET DEBT AT €603 MILLION, UP €162 MILLION COMPARED
TO END
OF MARCH 2021
    * COLAS DOES NOT OPERATE IN RUSSIA AND UKRAINE, AND AS SUCH
IS NOT
DIRECTLY AFFECTED BY THE CURRENT CONFLICT
    * GROUP IS MONITORING THE SITUATION CLOSELY FOR ANY CHANGES
AND
INDIRECT IMPACTS
    * REVENUE IN 2022 SHOULD BE SIGNIFICANTLY HIGHER THAN IN
2021, IN
PARTICULAR DUE TO THE CONTRIBUTION OF DESTIA AND PRICE HIKES FOR
SOME RAW MATERIALS
    * CONFIRMS ITS OBJECTIVE OF A 4% CURRENT OPERATING MARGIN IN
2023

Source text for Eikon:  ID:nNDLbHxJh5 
Further company coverage:  BOUY.PA 

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