Brief: Mangata Holding Prelim Q1 Net Profit At 24 Mln Zlotys

Mangata Holding SA

07/04/2022 06:59

April 7(Reuters) - Mangata Holding SA  MGTP.WA :
    * REPORTS PRELIMINARY Q1 FINANCIAL RESULTS
    * PRELIMINARY Q1 NET PROFIT AT 24 MLN ZLOTYS, UP 45% YOY
    * PRELIMINARY Q1 SALES REVENUE AT 261 MLN ZLOTYS, UP 43% YOY
    * PRELIMINARY Q1 EBITDA AT 38 MLN ZLOTYS, UP 31% YOY
    * THE COMPANY ALSO ASSESSED RISKS CONNECTED WITH CURRENT
CONFLICT
IN UKRAINE
    * COMPANY'S FITTINGS AND INDUSTRIAL AUTOMATIZATION SEGMENTS
HAVE
HALTED SALES OF GOODS IN RUSSIA AND BELARUS SINCE MARCH 
    * SALES TO CLIENTS FROM UKRAINE ARE NOT POSSIBLE DUE TO
MILITARY
CONFLICT
    * THE GROUP IS FOCUSED ON DEVELOPING SALES TO OTHER EUROPEAN
MARKETS IN ORDER TO COMPENSATE FOR LOST ORDERS
    * THE GROUP IS NOT SIGNIFICANTLY EXPOSED TO THE MARKETS OF
COUNTRIES ENGAGED IN CURRENT CONFLICT WITH ABOUT A TOTAL OF 4%
OF GROUP'S 2021 SALES REVENUE GENERATED IN RUSSIA, BELARUS, AND
UKRAINE

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM2tt7tCa
 Further company coverage:  MGTP.WA  

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