Brief: Visiomed Posts FY Consolidated Net Loss Of 1.1 Million Euros

Klea Holding SA

26/03/2024 06:40

March 26 (Reuters) - Visiomed Group SA  ALVMG.PA :
    * FY 2023 RESULTS - A HISTORIC FINANCIAL YEAR FOR VISIOMED
GROUP
    * FY +38% REVENUE GROWTH VS 2022 ON A NORMALIZED BASIS
    * STRONG GROWTH ALSO EXPECTED FOR 2024 WITH FURTHER REVENUE
DIVERSIFICATION AS WELL AS EXPANSION IN SAUDI ARABIA
    * GROUP CONSOLIDATED EBITDA REACHES EUR 2.2 MLN IN 2023
    * A STRONG BALANCE SHEET WITH HIGHER CASH BALANCE AND DEBT
UNDER
CONTROL
    * OUTLOOK: IS CONFIDENT IN ITS ABILITY TO MAINTAIN ITS
GROWTH AND
PROFITABILITY TREND IN 2024
    * FY CONSOLIDATED NET INCOME OF EUR -1.1 MLN VS EUR +4.2 MLN
IN
2022
    * OPENING FIRST CENTER IN RIYADH BEFORE END OF 2024
    * NET FINANCIAL DEBT OF EUR 5.0 MLN AT 31/12/2023 (VS EUR
3.3 MLN
AT 31/12/2022)
    * STRONG GROWTH ALSO EXPECTED FOR 2024 WITH FURTHER REVENUE
DIVERSIFICATION AS WELL AS EXPANSION IN SAUDI ARABIA

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Further company coverage:  ALVMG.PA 

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