Brief: Majorel Q1 Net Revenue Up At 535 Million Euros

Majorel Luxembourg SA

03/05/2023 07:09

May 3 (Reuters) - Majorel Group Luxembourg SA  MAJ.AS :
    * MAJOREL REPORTS STRONG TOPLINE GROWTH OF +11% FOR Q1 2023
    * CONTINUED TOPLINE GROWTH, WITH GROUP REVENUE OF EUR 541
MILLION,
+11% YOY (Q1 2022: EUR 489 MILLION)
    * Q1 NET REVENUE OF EUR 535 MILLION, +11% YOY (Q1 2022: EUR
480
MILLION)
    * FULL YEAR 2023 OUTLOOK REMAINS UNCHANGED
    * OUTLOOK 2023: WE EXPECT SHIFTING CLIENT NEEDS, SOME
SOFTNESS IN
DEMAND, ABSENCE OF COVID-19-RELATED BUSINESS, AND CONTINUED
(WAGE) INFLATION DUE TO CHALLENGING AND MORE VOLATILE
ENVIRONMENT
    * OUTLOOK 2023: EXPECT TO GROW OUR NET REVENUE TO EUR
2,150-2,250
MILLION, NET REVENUE GROWTH OF AROUND +6% TO +11% EXCLUDING
COVID
    * OUTLOOK 2023: COMPANY EXPECTS ITS OPERATING EBITDA MARGIN
FOR
2023 TO BE BETWEEN 16.5%-17.0%

Source text for Eikon:  ID:nEQ8QfLTNa 
Further company coverage:  MAJ.AS 

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