Brief: Forsee Power H1 Operating Loss At EUR 12.3 Mln

Forsee Power SA

14/09/2023 17:07

Sept 14 (Reuters) - Forsee Power SA  FORSE.PA :
    * FORSEE POWER REPORTS 2023 HALF-YEAR RESULTS IN LINE WITH
FINANCIAL TARGETS
    * HALF-YEAR SALES GROWTH OF +58% COMPARED WITH H1 2022
    * SIGNIFICANT IMPROVEMENT IN ADJUSTED EBITDA1: +38% COMPARED
WITH
H1 2022
    * LIQUIDITY POSITION OF EUR 56.7 MILLION AT END OF JUNE 2023
    * CONFIRMATION OF SHORT-AND MEDIUM-TERM FINANCIAL TARGETS
    * IN H1 2023, COMPANY POSTED SALES OF EUR 78.8 MILLION, UP
+58%
    * OUTLOOK: INTENDS TO MAINTAIN ITS HIGH GROWTH RATE BY
TRANSFORMING ITS ORDER BOOK INTO SALES IN ITS PRIORITY HIGH
VALUE-ADDED MARKETS: BUSES, OFF-HIGHWAY VEHICLES (AGRICULTURAL,
SITE AND INDUSTRIAL VEHICLES), RAIL AND LIGHT VEHICLES
    * CURRENT OPERATING INCOME FOR H1 2023 AMOUNTED TO (EUR 12.3
MILLION)
    * NET LOSS FOR FIRST HALF OF 2023 AMOUNTS TO -EUR 16.0M
    * GROSS FINANCIAL DEBT WAS RELATIVELY STABLE AT EUR 58.0M AT
30
JUNE 2023, COMPARED WITH EUR 60.2M AT 31 DECEMBER 2022

Source text for Eikon:  ID:nBw40fxp7a 
Further company coverage:  FORSE.PA 

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