Brief: Majorel Q1 Net Revenue Up At EUR 480 Mln

Majorel Luxembourg SA

05/05/2022 08:54

May 5 (Reuters) - MAJOREL GROUP LUXEMBOURG SA  MAJ.AS :
    * MAJOREL REPORTS STRONG TOP LINE GROWTH FOR Q1 OF +18%
    * MAJOREL RE-CONFIRMS ITS GUIDANCE FOR FULL FISCAL YEAR 2022
    * Q1 CONTINUED PROGRESS OF SUCCESSFUL STRATEGY EXECUTION
    * Q1 NET REVENUE OF EUR 480 MILLION (Q1 2021: EUR 407
MILLION);
ADJUSTED FOR M&A AND COVID-19 RELATED BUSINESS, LIKE-FOR-LIKE
GROWTH WAS +16% YOY
    * OUTLOOK: WILL CONTINUE TO KEEP A CAREFUL WATCH ON THE
SADDENING
EVENTS IN UKRAINE AND THE ONGOING COVID-19 SITUATION
    * STRONG GROWTH ACROSS ALL BUSINESS SEGMENTS
    * OUTLOOK: MONITORING ANY ECONOMIC CONSEQUENCES AROUND THE
WORLD,
ESPECIALLY IN CHINA, AND THEIR POTENTIAL IMPACT ON MAJOREL'S
BUSINESS
    * OUTLOOK: EXPECTS NET REVENUE THIS YEAR TO GROW BY 12-18%
COMPARED TO NET REVENUE IN 2021 WITHOUT COVID-19 RELATED
SERVICES
    * CONTINUED SUCCESSFUL STRATEGY EXECUTION: GEOGRAPHICAL
EXPANSION;
EXPANSION WITH EXISTING/NEW CLIENTS; STRATEGIC PARTNERSHIPS;
M&A; PROGRESS IN ALL STRATEGIC KPIS
    * OUTLOOK: EXPECTED RANGE OF €1,850-1,950 MILLION FOR
FY2022, WITH
THE OPERATING EBITDA MARGIN EXPECTED TO BE BETWEEN 16.0-17.0%
    * OPERATING EBITDA MARGIN EXPECTED TO BE BETWEEN 16.0-17.0%

Source text for Eikon:  ID:nEQ3YGbb6a 
Further company coverage:  MAJ.AS 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 772 09 20;))