Brief: Hoffmann Green FY EBITDA Loss Widens To EUR 6.6 Mln

Hoffmann Green Cement Technologies SA

27/03/2023 06:22

March 27 (Reuters) - Hoffmann Green Cement Technologies
SAS  ALHGR.PA :
    * HOFFMANN GREEN PROVIDES AN UPDATE ON ITS ACTIVITIES AND
PUBLISHES ITS 2022 ANNUAL RESULTS
    * FY EBITDA LOSS EUR 6.6 MILLION VERSUS LOSS EUR 5.2.
MILLION YEAR
AGO
    * FY REVENUE EUR 2.2 MILLION VERSUS EUR 2.4 MILLION YEAR AGO
    * FY NET LOSS EUR 6.7 MILLION VERSUS LOSS OF EUR 5.6 MILLION
YEAR
AGO
    * FY GROWTH OF THE ORDER BOOK BY +20% TO 240,000 TONS
    * END-FY SOLID FINANCIAL STRUCTURE: SHAREHOLDERS' EQUITY OF
EUR 74
MILLION AND CASH OF EUR 42 MILLION
    * 2023 GUIDANCE: DOUBLING OF VOLUMES SOLD THANKS TO A RECORD
NUMBER OF PROJECTS TO BE CARRIED OUT IN 2023, I.E. EQUIVALENT OF
13,000 CONCRETE MIXER TRUCKS ON 120 SITES
    * OUTLOOK: CONFIRMATION OF 2026 TARGETS: €130M REVENUE AND
40%
EBITDA MARGIN
    * OUTLOOK: THE COMPANY'S AIMS TO HAVE 4 PLANTS UP AND
RUNNING BY
2026 GENERATING REVENUE OF APPROXIMATELY €10 MILLION

Source text for Eikon:  ID:nBwt5H28a 
Further company coverage:  ALHGR.PA 

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