Brief: Majorel Group H1 Revenue Up 8% At EUR 1.07 BLN

Majorel Luxembourg SA

24/08/2023 07:09

Aug 24 (Reuters) - Majorel Group Luxembourg SA  MAJ.AS :
    * MAJOREL DELIVERS SOLID RESULTS FOR H1 2023
    * H1 EARNINGS PER SHARE 0.80 EUR VERSUS 1.01 EUR YEAR AGO
    * H1 PROFIT 80.0 MILLION EUR VERSUS 102.0 MILLION EUR YEAR
AGO
    * H1 REVENUE ROSE 8 PERCENT TO 1.068 BILLION EUR
    * GROUP PROFIT AMOUNTED TO EUR 80 MILLION IN H1 2023,
COMPARED TO
EUR 102 MILLION IN H1 2022
    * FULL YEAR 2023 OUTLOOK: NET REVENUE GUIDANCE FOR 2023
MAINTAINED
    * OPERATING EBITDA MARGIN GUIDANCE FOR 2023 UNCHANGED, AND
EXPECTED TO BE BETWEEN 16.5%-17.0%
    * MAJOREL DELIVERED NET REVENUE RETENTION (NRR) OF 111% IN
H1 2023
(H1 2022: 114%)
    * FREE CASH FLOW WAS EUR 92 MILLION (H1 2022: EUR 36
MILLION)
    * NET REVENUE GUIDANCE FOR 2023 : GIVEN PREVAILING
CHALLENGING
CONDITIONS, WE DON'T EXPECT TO BE IN UPPER HALF OF THE +6% TO
+11% RANGE

Source text for Eikon:  ID:nEQ9fwGVXa 
Further company coverage:  MAJ.AS 

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