Brief: Envipco Holding Q2 EBITDA Stable At EUR 0.9 Mln

Envipco Holding NV

25/08/2022 06:43

Aug 25 (Reuters) - Envipco Holding NV  ENVI.AS :
    * Q2 REVENUES EUR 16.6 MILLION VERSUS EUR 8.2 MILLION YEAR
AGO
    * GROSS MARGIN CONTINUES TO BE A KEY FOCUS AREA FOLLOWING
THE
CHALLENGING MARKET CONDITIONS AND INFLATIONARY PRESSURES SEEN IN
2021
    * THE COMPANY MAINTAINS A STRONG ORDERBOOK FOR Q3’22
INCLUDING
CONTINUED REVENUE RECOGNITION FROM THE MALTA CONTRACT, AND NEW
OPPORTUNITIES ARE MATERIALIZING THROUGHOUT EUROPE AND IN NORTH
AMERICA
    * Q2 EBITDA EUR 0.9 MILLION VERSUS EUR 0.9 MILLION YEAR AGO
    * RECOGNIZES THE RISKS AND UNCERTAINTIES STEMMING FROM THE
CURRENT
ECONOMIC AND GEOPOLITICAL CLIMATE
    * WE REMAIN OPTIMISTIC ABOUT SOLID GROWTH THIS YEAR AND
SETTING A
GOOD FOUNDATION TOWARDS OUR LONG-TERM TARGETS
    * WITH THE RAMP UP OF THE NEW ROMANIAN FACILITY WE EXPECT TO
INCREASE PRODUCTION CAPACITY, REDUCE MANUFACTURING COSTS,
SIMPLIFY SUPPLY CHAINS, AND LOWER FREIGHT COSTS
    * Q2 GROSS PROFIT EUR 5.5 MILLION VERSUS EUR 3.0 MILLION
YEAR AGO
    * OUTLOOK: ENVIPCO IS WELL POSITIONED FOR CONTINUED STRONG
GROWTH
IN H2 2022 AND THE LONGER TERM
    * OUTLOOK: THE COMPANY MAINTAINS A STRONG ORDERBOOK FOR
Q3’22
INCLUDING CONTINUED REVENUE RECOGNITION FROM THE MALTA CONTRACT,
AND NEW OPPORTUNITIES ARE MATERIALIZING THROUGHOUT EUROPE AND IN
NORTH AMERICA
    * OUTLOOK:  WITH THE RAMP UP OF THE NEW ROMANIAN FACILITY WE
EXPECT TO INCREASE PRODUCTION CAPACITY, REDUCE MANUFACTURING
COSTS, SIMPLIFY SUPPLY CHAINS, AND LOWER FREIGHT COSTS
    * MAINTAINS A STRONG ORDERBOOK FOR Q3’22
    * WHILE COMPONENT AND TRANSPORTATION COSTS SHOW SIGNS OF
STABILIZING, THE COMPANY RECOGNIZES THE RISKS AND UNCERTAINTIES
STEMMING FROM THE CURRENT ECONOMIC AND GEOPOLITICAL CLIMATE

Further company coverage:  ENVI.AS 

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