Upbeat FY outlook drives up bus maker Ebusco's shares

Ebusco Holding

11/10/2023 10:48

** Shares in Ebusco  EBUS.AS  rise about 6% after the Dutch
zero emission bus manufacturer gave an annual outlook pointing
to EBITDA recovery in H2
    ** The company targets a FY revenue of 145-165 million euros
($154-175 million), with "significant EBITDA improvement" in H2
    ** Ebusco reports EBITDA loss of 43.5 million euros for the
first six months of 2023, and ING analyst Tijs Hollestelle
expects this figure to be cut by more than a half in H2
    ** "Although overall visibility on the operational
performance remains poor, Ebusco was able to provide some
quantitative volume and revenue guidance and directional
guidance on 2H23 EBITDA," the broker says
    ** Shares in Ebusco have lost more than 60% in value since
the start of the year

($1 = 0.9430 euros)

 (Reporting by Victor Goury-Laffont)
 ((Victor.goury-laffont@tr.com))