Brief: MND H1 Sales Down At EUR 30.3 Mln

Montagne et Neige Developpement SA

01/03/2024 10:03

March 1 (Reuters) - Montagne et Neige Développement
 ALMND.PA : 
    * MND POSTED ON THURSDAY H1 RESULTS FOR 2023/2024
    * H1 SALES EUR 30.3 MLN, DOWN -38% VS EUR 49.3 MLN YR AGO
    * ORDER BOOK AT EUR 126.7 MLN AT END-DECEMBER 2023
    * ORDERS TO BE BILLED OVER THE H2 (ENDING JUNE 30, 2024)
AMOUNTED
TO EUR 50.5 MLN AT END-DEC 2023
    * OUTLOOK:  H1 FINANCIAL STATEMENTS SHOULD BE MARKED BY GOOD
LEVEL
OF GROSS MARGIN
    * OUTLOOK: EXPECTS TO RETURN TO SUSTAINED GROWTH IN H2 OF
2023/2024 FINANCIAL YEAR
    * OUTLOOK: GROUP WILL PROBABLY NOT EXCEED EUR 100 MLN MARK
IN FY
SALES IN 2023/2024
    * OUTLOOK: WILL PROBABLY NOT ACHIEVE A MARKED IMPROVEMENT IN
PROFITABILITY (ADJUSTED EBITDA) OVER FULL YEAR
    * SET UP A NEW FINANCING LINE WITH CHEYNE CAPITAL, THROUGH
THE
ISSUE OF EUR 10 MLN BONDS

        
 Further company coverage:  ALMND.PA  

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