Brief: Eneraqua Technologies Sees Outturn EBITDA For FY24 Materially Below Current Market Expectations

Eneraqua Technologies

31/08/2023 07:34

Aug 31 (Reuters) - Eneraqua Technologies PLC  ETP.L :
    * ENERAQUA TECHNOLGS.  - HALF-YEAR TRADING UPDATE
    * ENERAQUA TECHNOLOGIES PLC - H1 REVENUE IS EXPECTED TO BE
AT
LEAST £26.0M (H123: £24.3M) AND PROFITABLE ON AN EBITDA BASIS
    * ENERAQUA TECHNOLOGIES PLC - MANAGEMENT HAS FOCUSSED ON
COST
CONTROL AND WORKING CAPITAL MANAGEMENT
    * ENERAQUA TECHNOLOGIES PLC - ENCOURAGED THAT INFLATION
IMPACT
FROM LAST YEAR IS UNWINDING
    * ENERAQUA TECHNOLOGIES PLC - GROUP EXPECTS CLIENTS WILL
DELAY
PROJECTS UNTIL THERE IS GREATER CLARITY
    * ENERAQUA TECHNOLOGIES PLC - NOW EXPECTS THAT OUTTURN
EBITDA FOR
FY24 WILL BE MATERIALLY BELOW CURRENT MARKET EXPECTATIONS

Source text for Eikon:  ID:nRSe8686Ka 
Further company coverage:  ETP.L 

 ((Reuters.Briefs@thomsonreuters.com;))