Brief: Jensen Group H1 Revenue Rises To EUR 206.7 Mln

Jensen-Group NV

10/08/2023 17:26

Aug 10 (Reuters) - Jensen Group NV  JEN.BR :
    * REVENUE IN FIRST SEMESTER INCREASED FROM 171.2 MILLION
EURO LAST
YEAR TO 206.7 MILLION EURO THIS YEAR
    * RECORD REVENUE LEADS TO SIGNIFICANT PROFIT GROWTH
    * ORDER INTAKE IN FIRST SIX MONTHS OF THIS YEAR REPRESENTED
AN
AMOUNT OF 156 MILLION EURO, WHICH REPRESENTS A 17% DECREASE
COMPARED TO SAME PERIOD LAST YEAR
    * EBIT FOR FIRST 6 MONTHS OF 2023 AMOUNTS TO 20.6 MILLION
EURO
COMPARED TO 12.2 MILLION EURO IN SAME PERIOD LAST YEAR, AN
INCREASE OF 68.6%
    * REVENUE GROWTH IN THE SECOND HALF IS EXPECTED TO BE MORE
MODEST
THAN IN THE FIRST SIX MONTHS OF THE YEAR
    * AT ITS MEETING OF AUGUST 10, 2023, THE BOARD OF DIRECTORS
DECIDED TO RE-START THE BUY-BACK PROGRAM FOR THE REMAINING
668,027 SHARES
    * THE GROUP REPORTS A NET FINANCIAL CASH OF 23.1 MILLION
EURO
(INCLUDING 2.9 MILLION EURO LEASING DEBT) COMPARED TO 11.5
MILLION EURO AT YEAR-END 2022

Source text: https://tinyurl.com/35dhd79z
Further company coverage:  JEN.BR 

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