Brief: Majorel Group Luxembourg H1 Net Revenue Up At EUR 976 Mln

Majorel Luxembourg SA

09/08/2022 07:57

Aug 9 (Reuters) - Majorel Group Luxembourg SA  MAJ.AS :
    * MAJOREL INCREASES GUIDANCE FOR FY 2022 ON THE BACK OF
STRONG
PRELIMINARY NET REVENUE GROWTH FOR H1 OF +16%
    * H1 STRONG TOPLINE GROWTH OF +16% YOY, RESULTING IN NET
REVENUE
OF EUR 976 MILLION (H1 2021: EUR 842 MILLION); ADJUSTED FOR M&A
AND COVID-19 RELATED BUSINESS, LIKE-FOR-LIKE GROWTH WAS +17% YOY
    * STRONG PROFITABILITY WITH OPERATING EBITDA IN H1 2022 OF
EUR 175
MILLION (17.9%), COMPARED TO EUR 153 MILLION (18.2%) IN H1 2021
    * H1 NET REVENUE FROM NON-RECURRING COVID-19 RELATED
BUSINESS
CONTRIBUTED EUR 37 MILLION (H1 2021: EUR 59 MILLION)
    * OUTLOOK 2022: OPERATING EBITDA MARGIN GUIDANCE IS
UNCHANGED
(16.0-17.0%) RESULTING IN A CORRESPONDINGLY HIGHER ABSOLUTE
OPERATING EBITDA OUTLOOK FOR FULL YEAR 2022
    * OUTLOOK 2022: EXPECTS NET REVENUE FOR THE FULL YEAR 2022
TO GROW
TO €1,900-2,000 MILLION (PREVIOUSLY €1,850-1,950 MILLION)

Source text for Eikon:  ID:nEQ5PlPLQa 
Further company coverage:  MAJ.AS 

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