Brief: Metabolic Explorer Updates On Outlook, Secures Financing For Strategy Deployment

Metabolic Explorer SA

27/12/2022 07:25

Dec 27 (Reuters) - Metabolic Explorer SA  METEX.PA :
    * SECURES FINANCING FOR THE DEPLOYMENT OF ITS STRATEGY
    * RESUMPTION OF PRODUCTION AT THE AMIENS PLANT
    * ACCELERATION OF THE 2023-2024 INDUSTRIAL TRANSFORMATION
PLAN
    * ANNOUNCES SIGNATURE ON 23 DECEMBER 2022 OF AGREEMENT WITH
ITS
MAIN PARTNERS SECURING LIQUIDITY NECESSARY TO EXECUTE GROUP'S
STRATEGY AND 2023-2024 INDUSTRIAL TRANSFORMATION PLAN
    * ENTERED INTO DISCUSSIONS WITH ITS MAIN PARTNERS IN CONTEXT
OF A
CONCILIATION PROCEDURE TO ADDRESS SITUATION AND SECURE THE
FUTURE, IN PARTICULAR TRANSFORMATION OF AMIENS PLANT
    * IT IS ANTICIPATED THAT ALL CONDITIONS PRECEDENT WILL BE
SATISFIED BY END OF FEBRUARY 2023
    * EXPECTS CONSOLIDATED TURNOVER OF AROUND EUR 230M AND
CONSOLIDATED EBITDA OF BETWEEN EUR -20 AND -30M FOR 2022
    * IN THIS CONTEXT, SPI HAS GRANTED THE COMPANY CURRENT
ACCOUNT
ADVANCE OF EUR 2.5 MILLION TO COVER CASH SHORTAGE
    * BREAKDOWN OF CONSOLIDATED SALES BETWEEN COMMODITY PRODUCTS
AND
SPECIALTY PRODUCTS IS EXPECTED TO EVOLVE TOWARDS A 40-60 RATIO
BY 2025
    * OUTLOOK 2023: CONSOLIDATED TURNOVER OF AROUND EUR 275
MILLION
    * OUTLOOK 2023: CONSOLIDATED EBITDA BETWEEN EUR -8 MILLION
AND
BREAK-EVEN
    * OUTLOOK 2023: OPERATING CASH FLOW (BEFORE FINANCING AND
INVESTMENTS) BETWEEN EUR -4M AND EUR -14M
    * OUTLOOK 2025: CONSOLIDATED TURNOVER OF AROUND EUR 420
MILLION
    * OUTLOOK 2025: CONSOLIDATED EBITDA OF AROUND EUR 46 MILLION
    * OUTLOOK 2025: OPERATING CASH FLOW (BEFORE FINANCING AND
INVESTMENTS) OF AROUND EUR 42 MILLION

Source text for Eikon:  ID:nACT77780 
Further company coverage:  METEX.PA 
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