Brief: Lumibird Confirms 2023 Objectives

Lumibird SA

22/09/2022 18:06

Sept 22 (Reuters) - Lumibird SA  LBIRD.PA :
    * H1 EBITDA OF EUR 11.2M, DOWN 22%
    * 2023 OBJECTIVES CONFIRMED
    * STRONG SECOND-HALF BUSINESS GROWTH EXPECTED
    * GROUP'S CONSOLIDATED REVENUES CAME TO EUR 84.0M AT JUNE
30,
2022, UP 11% (+9% LIKE-FOR-LIKE AND AT CONSTANT EXCHANGE RATES)
    * H1 NET INCOME EUR 1.2 MILLION VERSUS EUR 5.1 MILLION YEAR
AGO
    * H1 REVENUE EUR 84.0 MILLION VERSUS EUR 75.5 MILLION YEAR
AGO
    * NET FINANCIAL DEBT, COMPRISING EUR 117.8M OF GROSS
FINANCIAL
DEBT AND EUR 68.6M OF CASH ASSETS, TOTALED EUR 49.2M AT JUNE 30,
COMPARED WITH EUR 14.9M AT DECEMBER 31, 2021
    * FINANCIAL POSITION, WITH GEARING OF 26.6%, ENABLING GROUP
TO
MAINTAIN ITS FINANCIAL FLEXIBILITY AND ITS CAPACITY TO CONTINUE
FINANCING ITS AMBITIONS FOR EXTERNAL GROWTH
    * EXPECTS, TO A GREAT EXTENT, TO CATCH UP PROFITABILITY LAG
RECORDED IN H1

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