Brief: Emova End-Sept Adjusted EBITDA Up At EUR 4.8 Mln

Emova SA

31/01/2022 17:36

Jan 31 (Reuters) - Emova Group SA  ALEMV.PA :
    * FINANCIAL YEAR 2020/2021: REVENUE GROWTH: +28% & ADJUSTED
EBITDA
MARGIN UP 3 POINTS TO 16%
    * AS OF SEPTEMBER 30, 2021, EMOVA GROUP'S SALES AMOUNTED TO
€29.7M, A STRONG INCREASE OF 28% COMPARED TO THE COMPARED TO THE
2019/2020 FINANCIAL YEAR
    * AT 30 SEPTEMBER 2021, ADJUSTED EBITDA WAS €4.8M, UP A
STRONG 60%
ON THE FINANCIAL YEAR 2019/2020
    * THE NET RESULT, GROUP SHARE  AT €0.1 MILLION AT THE END OF
SEPTEMBER 2021 (€-0.1 MILLION A YEAR AGO)
    * FOR THE 2021/2022 FINANCIAL YEAR, THE GROUP ANTICIPATES A
RETURN
TO NORMALISED GROWTH IN REVENUE AND ADJUSTED EBITDA, ON A
COMPARABLE ADMINISTRATIVE AND HEALTH BASIS
    * THE EBITDA MARGIN IS EXPECTED TO STABILISE IN 2021/2022
    * THE GROUP EXPECTS TO OPEN AROUND TWENTY NEW SHOPS IN
2021/2022

Source text for Eikon:  ID:nNDL3vkyym 
Further company coverage:  ALEMV.PA 

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