Brief: Genoway FY EBITDA Up At EUR 1 Mln
30/03/2021 16:55
March 30 (Reuters) - Genoway SA ALGEN.PA :
* FY EBITDA EUR 1.0 MILLION VERSUS EUR 0.5 MILLION YEAR AGO
* FY NET LOSS EUR 0.7 MILLION VERSUS LOSS EUR 1.0 MILLION YEAR AGO
* PROFITABILITY SHOULD INCREASE SHARPLY FROM H2 OF 2022, BY WHICH TIME COST
STRUCTURE SHOULD BE STABILISED AND ALLOW MAXIMUM BENEFIT FROM INCREASE IN
VOLUMES TO REACH AN EBITDA MARGIN OF OVER 25% BY 2024
* CONFIRMS AMBITIONS OF AN AVERAGE ANNUAL SALES GROWTH OF MORE THAN 20% OVER
2021-2024 IN ORDER TO REACH TURNOVER TARGET OF 30 MILLION EUR
* FY NET FINANCIAL DEBT INCREASED TO €8.1 MILLION AS A RESULT OF OBTAINING A
€5.1
MILLION "PGE" LOAN IN 2020 FINANCIAL YEAR
Further company coverage: ALGEN.PA
(Gdansk Newsroom)
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