Brief: Encavis Achieves Results For H1 Below Same Period Last Year

Encavis AG

14/08/2024 17:21

Aug 14 (Reuters) - ENCAVIS AG  ECVG.DE :
    * ACHIEVES RESULTS FOR THE FIRST HALF OF 2024 BELOW THE SAME
PERIOD LAST YEAR, AS EXPECTED, BUT CURRENTLY CONFIRMS THE
GUIDANCE FOR THE FINANCIAL YEAR 2024
    * H1 NET OPERATING REVENUE OF EUR 205.0 MILLION, WAS EUR
21.3
MILLION (-9%) BELOW COMPARABLE PRIOR-YEAR FIGURE OF EUR 226.3
MILLION
    * OPERATING EBITDA FOR FIRST SIX MONTHS OF 2024, AT EUR
126.1
MILLION, REPRESENT A SIGNIFICANT DECREASE OF APPROXIMATELY EUR
25.6 MILLION COMPARED TO PRIOR-YEAR FIGURE OF EUR 151.6 MILLION
    * COMING MONTHS WILL SHOW WHETHER RISK OF AN ADJUSTMENT TO
GUIDANCE FOR FULL YEAR 2024 INCREASES OR DECREASES
    * CURRENTLY EXPECTS ONLY SLIGHT DECREASE IN KEY OPERATING
METRICS
(EXCLUDING COSTS OF ELBE/KKR PROJECT) IN 2024 AND CONFIRMS
OPERATIONAL GUIDANCE

Source text for Eikon:  ID:nEQbdwgxpa 
Further company coverage:  ECVG.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))