Brief: Matas Q2 EBITDA Ex. Items Falls To DKK 160 Million

Matas A/S

10/11/2022 07:29

Nov 10 (Reuters) - Matas A/S  MATAS.CO :
    * MATAS INTERIM REPORT – H1 2022/23
    * GREW REVENUE BY 1.6% TO DKK 989 MILLION IN Q2 2022/23
DRIVEN BY
9.9% ONLINE GROWTH
    * EBITDA BEFORE SPECIAL ITEMS DECLINED BY DKK 6 MILLION TO
DKK 160
MILLION COMPARED TO Q2 2021/22
    * EBITDA BEFORE SPECIAL ITEMS WAS AFFECTED BY INCREASE IN
ENERGY
COSTS OF DKK 8 MILLION IN QUARTER AS WELL AS PLANNED COST
INCREASES RELATED TO EXECUTION OF LONG-TERM GROWTH INITIATIVES
    * Q2 EBITDA MARGIN BEFORE SPECIAL ITEMS CAME TO 16.2% FOR
QUARTER
    * PROFIT AFTER TAX GREW BY DKK 10 MILLION TO DKK 47 MILLION
IN Q2
2022/23, DUE TO A DECLINE IN AMORTISATION, RELATED TO FULLY
AMORTISED MATAS BRAND TRADEMARK
    * MATAS MAINTAINS ITS GUIDANCE FOR FINANCIAL YEAR 2022/23
    * REVENUE IS EXPECTED IN RANGE OF DKK 4,390-4,520 MILLION,
CORRESPONDING TO GROWTH OF BETWEEN 1% AND 4%
    * EBITDA MARGIN BEFORE SPECIAL ITEMS IS EXPECTED IN RANGE OF
17%-18%, ASSUMING MODERATE PRICE INCREASES IN HEALTH AND BEAUTY
MARKET

Source text for Eikon:  ID:nGNE5Zpc2G 
Further company coverage:  MATAS.CO 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))