Brief: ESI Group FY Adjusted EBIT Up At 12.7 Million Euros

ESI SA

01/03/2022 17:02

March 1 (Reuters) - ESI Group SA  ESIG.PA :
    * FULL YEAR REVENUES AT EUR 136.6M: +4.6% YOY AT CONSTANT
EXCHANGE
RATE
    * FY DOUBLING ADJUSTED EBIT MARGIN FROM 4.5% TO 9.6%
    * HEALTHY FINANCIAL SITUATION - GEARING IMPROVED - FROM
28.4% IN
2020 TO 17.2% IN 2021
    * ALL TEAMS MOBILIZED TO DELIVER ON ONEESI 2024 PLAN
    * FY NET LOSS EUR 18.5 MILLION VERSUS PROFIT EUR 1.4 MILLION
YEAR
AGO
    * GROUP HAS SIGNIFICANTLY INCREASED ITS CASH POSITION END OF
YEAR
FROM EUR 22.5M TO EUR 30.3M THANKS TO A SUBSTANTIAL FREE CASH
FLOW OF EUR 10.9M
    * FY ADJUSTED EBIT RESULT EUR 12.7 MILLION VERSUS EUR 5.8
MILLION
YEAR AGO
    * SEES FOR 2024 FY REVENUE AT CONSTANT EXCHANGE RATE OF 7% -
9%
    * 2022 OUTLOOK: REVENUE GROWTH (EXCLUDING SPECIAL PROJECTS)
AT
CONSTANT FX RATES: 4% - 6%
    * SEES FOR 2023 REVENUE GROWTH (EXCLUDING SPECIAL PROJECTS)
AT
CONSTANT EXCHANGE RATE BETWEEN 6%-8%
    * SEES FOR 2024 ADJUSTED EBIT GROWTH OF 20% - 22% AT
CONSTANT
EXCHANGE RATE
    * 2022 OUTLOOK: ADJUSTED EBIT GROWTH (AT CONSTANT FX RATES):
10% -
12%
    * 2023 OUTLOOK: ADJUSTED EBIT GROWTH (AT CONSTANT FX RATES):
15% -
17%

Source text for Eikon:  ID:nBw6b5XT0a 
Further company coverage:  ESIG.PA 

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