Brief: Heiq Expects Trading Conditions For Commercialized Product Range To Continue To Be Challenging Into 2024

Heiq

30/10/2023 07:32

Oct 30 (Reuters) - Heiq PLC  HEIQ.L :
    * HEIQ PLC - FY REVENUE REDUCED 14.8% TO US$47.2 MILLION
    * HEIQ PLC - FY ADJUSTED EBITDA DECREASED TO US-$12.2
MILLION
    * HEIQ PLC - FY LOSS AFTER TAXATION OF US$-29.8 MILLION
    * HEIQ PLC -  BOARD DISCUSSIONS WITH FINANCIAL INSTITUTIONS
TO
REPLACE CURRENTLY UNCOMMITTED CREDIT FACILITIES BY COMMITTED,
LONG-TERM FACILITIES
    * HEIQ PLC - EXPECT TRADING CONDITIONS FOR OUR
COMMERCIALIZED
PRODUCT RANGE TO CONTINUE TO BE CHALLENGING INTO 2024
    * HEIQ PLC - RE-ASSESSING OVERALL STRATEGY AND RESOURCE
ALLOCATION
OF GROUP AS WELL AS ITS DEBT STRUCTURE
    * HEIQ PLC - FACING UNCERTAIN TIMES, BOTH POLITICALLY AND
ECONOMICALLY ON A GLOBAL SCALE, WHICH HAS IMPACTED MANY KEY
REGIONS OF HEIQ'S OPERATION


 ((Reuters.Briefs@thomsonreuters.com;;))