Brief: Exel Industries H1 Net Loss Turns To Profit Of Eur 14.3 Mln

Exel Industries SA

01/06/2021 08:27

June 1 (Reuters) - Exel Industries SA  EXEP.PA :
    * EXEL INDUSTRIES :2020-2021 FIRST-HALF RESULTS : RECORD
FIRST
HALF EBITDA AND NET INCOME
    * FIRST HALF 2020/2021 SALES OF EUR 385.2 MILLION CONFIRMED
A
STRONG UPTURN IN BUSINESS RESULTING IN GROWTH OF EUR 71 MILLION
(UP 22.6%)
    * H1 NET INCOME EUR 14.3 MILLION VERSUS LOSS EUR 36.4
MILLION YEAR
AGO
    * NET FINANCIAL DEBT AT MARCH 31, 2021 AMOUNTED TO EUR 119.1
MILLION, COMPARED TO EUR 156 MILLION AT SAME DATE LAST YEAR
    * H1 CURRENT EBIT EUR 20.9 MILLION VERSUS LOSS EUR 1.1
MILLION
YEAR AGO
    * AS H1 2020-2021 BELONGS TO A YEAR OF STRONG RECOVERY, CASH
OUTFLOW WAS LIMITED TO EUR 32.1 MILLION
    * H1 SALES EUR 385.4 MILLION VERSUS EUR 314.3 MILLION YEAR
AGO
    * WE REMAIN PRUDENT ABOUT EXTRAPOLATING H1 GROWTH OVER REST
OF
YEAR

Source text for Eikon:  ID:nGNX9ztTxf 
Further company coverage:  EXEP.PA 

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