Brief: Majorel FY Operating EBITDA Up At EUR 316 Mln

Majorel Luxembourg SA

17/03/2022 07:32

March 17 (Reuters) - Majorel Group Luxembourg SA  MAJ.AS :
    * MAJOREL REPORTS STRONG RESULTS FOR 2021 AND POSITIVE
OUTLOOK FOR
2022
    * FY OPERATING EBITDA OF EUR 316 MILLION, UP +61%
    * FY NET REVENUE OF €1,752 MILLION, UP +31%
    * NET CASH POSITION AT THE END OF THE YEAR WAS €79 MILLION,
TOGETHER WITH ITS UNUSED CREDIT FACILITIES ALLOWING THE COMPANY
STRATEGIC FLEXIBILITY FOR INORGANIC GROWTH
    * OUTLOOK: MAJOREL EXPECTS ITS NET REVENUE TO INCREASE IN
RANGE OF
EUR 1,850-1,950 MILLION (AN INCREASE OF 12%-18% COMPARED TO 2021
NET REVENUE WITHOUT COVID-19 RELATED SERVICES)
    * OUTLOOK: EXPECTS OPERATING EBITDA MARGIN TO BE IN RANGE OF
16.0%-17.0% IN 2022
    * OUTLOOK: CONTINUES TO EXPECT STRONG ORGANIC GROWTH FROM
EXISTING
CLIENTS, AND POSITIVE IMPACT FROM EFFECTS OF ACQUISITION OF
MAYEN AND EXPANDED STRATEGIC PARTNERSHIP WITH BOOKING.COM
    * OUTLOOK: IT REMAINS TO BE SEEN HOW RECENT EVENTS IN
UKRAINE, AND
ONGOING COVID-19 PANDEMIC, MAY IMPACT BUSINESS ENVIRONMENT AND
WORLD ECONOMY IN THIS YEAR
    * COMPANY ANTICIPATES SOME COVID-19 BUSINESS WILL REMAIN IN
2022,
BUT AT A MUCH SMALLER SCALE THAN 2021
    * A POTENTIAL DIVIDEND PAYMENT WILL BE PROPOSED AT THE AGM
SCHEDULED FOR JUNE 20, 2022

Source text for Eikon:  ID:nEQYmzDSa 
Further company coverage:  MAJ.AS 

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