Brief: EUROAPI Raises 2022 CAPEX Guidance To About 14% Of Net Sales

Euroapi SA

01/09/2022 06:00

Sept 1 (Reuters) - Euroapi SAS  EAPI.PA :
    * ‍​NET SALES UP +10.1% REACHING €483.8 MILLION IN H1-2022
    * ‍​H1 CONSOLIDATED NET INCOME OF €16.7 MILLION AND NET CASH
OF
€20.2 MILLION
    * ‍​H1 CORE EBITDA MARGIN AT 14.5%, IMPROVING 128 BPS ON A
RESTATED BASIS
    * ‍​2022 GUIDANCE CONFIRMED FOR NET SALES (ABOUT €1 BILLION)
AND
CORE EBITDA MARGIN (≥14%)
    * ‍​2022 CAPEX GUIDANCE UPDATED TO ABOUT 14% OF NET SALES
(ABOUT
12% PREVIOUSLY)
    * ‍​CORE FREE CASH FLOW AMOUNTED TO -€40.2 MILLION IN
H1-2022
    * REMAINS CONFIDENT IN ACHIEVING ITS MID-TERM FINANCIAL
OBJECTIVES
    * ‍​FY OUTLOOK ASSUMES MINIMAL NET SALES, PROCUREMENT
EXPOSURE TO
RUSSIA, UKRAINE
    * H1 CORE EBITDA AT EUR 70.3 MILLION, UP 91.6%

Source text for Eikon:  ID:nBw6mD4P8a 
Further company coverage:  EAPI.PA 

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