Brief: Euroapi Cuts FY Core EBITDA Margin Outlook

Euroapi SA

01/08/2023 06:05

Aug 1 (Reuters) - Euroapi SAS  EAPI.PA :
    * EUROAPI: H1 2023 RESULTS
    * ON TRACK TO ACHIEVE FY2023 GUIDANCE AND MID-TERM
PERSPECTIVES
    * GROUP EXPECTS IN 2023: * NET SALES TO INCREASE BETWEEN +7%
AND
+8% (UNCHANGED), WITH BOTH API SOLUTIONS AND CDMO GROWING
DOUBLE-DIGIT IN H2
    * 2023 OUTLOOK: CORE EBITDA MARGIN BETWEEN 12.5% AND 13.5%
(VERSUS
12% TO 14% INITIALLY COMMUNICATED)
    * MID-TERM PERSPECTIVES ARE CONFIRMED
    * GRADUAL RAMP-UP OF EUR 50 MILLION ANNUAL RUN RATE VALUE
CREATION
PROGRAM BY 2026 ON TOP OF INITIAL PERFORMANCE PLAN

Source text for Eikon:  ID:nBw9tBft3a 
Further company coverage:  EAPI.PA 

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