Brief: Matas Q2 EBITDA Before Special Items Falls To DKK 166 Mln

Matas A/S

04/11/2021 07:16

Nov 4 (Reuters) - Matas A/S  MATAS.CO :
    * REG-MATAS UPGRADES GUIDANCE ON THE BACK OF RECORD-HIGH
SUMMER
SALES AND SUCCESSFUL LAUNCH OF NEW STRATEGY
    * MATAS GREW REVENUE BY 4.4% IN Q2 2021/22 ON BACK OF
CONTINUING
GROWTH IN ONLINE SALES AND STABLE SALES IN PHYSICAL STORES
    * MATAS UPGRADES ITS FY REVENUE GROWTH GUIDANCE TO 1%-4%
FROM
PREVIOUS ESTIMATE OF 0%-3%
    * EBITDA MARGIN BEFORE SPECIAL ITEMS IS UPGRADED TO A RANGE
OF
18.0%-19.0% FROM PREVIOUSLY 17.5%-18.5%
    * CAPEX ESTIMATE IS NOW DKK 195-215 MILLION BEFORE POTENTIAL
M&A
FROM DKK 295-315 MILLION PREVIOUSLY.
    * Q2 EBITDA BEFORE SPECIAL ITEMS CAME TO DKK 166 MILLION,
DOWN
FROM DKK 180 MILLION IN YEAR-EARLIER PERIOD
    * Q2 GROSS MARGIN FOR Q2 2021/22 WAS 44.2%, UP FROM 43.1% IN
Q2
2020/21
    * CASH GENERATED FROM OPERATIONS WAS AN INFLOW OF DKK 130
MILLION
IN Q2 2021/22 AGAINST AN INFLOW OF DKK 119 MILLION IN Q2
2020/21.

Source text for Eikon:  ID:nGNEbyKRqG 
Further company coverage:  MATAS.CO 

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