Brief: Envipco Holding H1 EBITDA Turns To Loss Of EUR 1 Million

Envipco Holding NV

24/08/2023 06:08

Aug 24 (Reuters) - Envipco Holding NV  ENVI.AS :
    * ENVIPCO ANNOUNCES 2023 SECOND QUARTER RESULTS UNAUDITED
AND NEW
COMMERCIAL SUCCESSES
    * FIRST HALF 2023 REVENUE GROWTH TO EUR 26.9 MILLION (+3.1%)
AND
EUR 16.5 MILLION IN Q2’23 (+3.5%)
    * EBITDA H1’23 EUR -1.0 MILLION COMPARED TO H1’22 OF 0.8
MILLION
    * IN IRELAND HAS BEEN SELECTED BY A MARKET LEADING RETAIL
ORGANIZATION AS THE PREFERRED PROVIDER TO DEPLOY UP TO 800 RVMS
IN SUPPORT OF THE FEBRUARY 2024 DRS GO-LIVE
    * OUTLOOK: COMPANY CURRENTLY HAS STRONG ORDERBOOK TO BE
DEPLOYED
THROUGH THE SECOND HALF OF 2023 AND 2024
    * ROMANIA: HAS RECEIVED AN INITIAL ORDER OF 250 RVMS WITH A
MAJOR
RETAILER
    * OUTLOOK: FROM CONTRACT SIGNINGS IN NEW EUROPEAN MARKETS,
THE
COMPANY EXPECTS STRONG REVENUE GROWTH AND IMPROVED FINANCIAL
PERFORMANCE IN H2'23
    * OUTLOOK: IN MEDIUM TERM, COMPANY MAINTAINS ITS AMBITIONS
FOR
4X-6X REVENUE GROWTH FROM 2021 - 2025, 30%+ MARKET SHARE IN NEW
MARKETS AND 40% GROSS MARGIN

Source text for Eikon:  ID:nObi1K4v9a 
Further company coverage:  ENVI.AS 

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