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EXE Exel Industries SA News Story

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Brief: Exel Industries H1 Recurring EBITDA Loss At €7.2 Million

May 22 (Reuters) - Exel Industries SA EXEP.PA:

H1 REVENUE AT EUR 380.9 MILLION

EARNINGS WERE NEGATIVELY IMPACTED BY LOWER VOLUMES DUE TO UNFAVORABLE MARKET CYCLES

HALF-YEAR RECURRING EBITDA WAS NEGATIVE,   AT -€7.2 MILLION

H1 NET FINANCIAL DEBT AT EUR 167.8 MILLION

H1 NET INCOME, AT -€18.7 MILLION

STRONG SHORT-TERM COST ADJUSTMENT PLANS ARE BEING CONSIDERED IN ENTITIES FACING DIFFICULTIES AMIDST CHALLENGING MARKET ENVIRONMENT

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Further company coverage: EXEP.PA

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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