Brief: Crescent FY EBITDA Up At EUR 0.7 Million

Option NV

29/04/2022 07:39

April 29 (Reuters) - Crescent NV  OPIN.BR :
    * ANNUAL RESULTS
    * STRONG RECOVERY OF REVENUE AND ORDER BOOK DURING Q4 IS A
GOOD
INDICATION FOR THE EXPECTED REVENUE GROWTH IN 2022
    * FY EBITDA INCREASED FROM €0.4 MILLION TO €0.7 MILLION
DESPITE
€0.5 MILLION OF NON-RECURRING COSTS
    * FY NET LOSS EUR 4.0 MILLION VERSUS LOSS EUR 4.7 MILLION
YEAR AGO
    * END-FY NET FINANCIAL DEBT DECREASES BY EUR 1.3 MILLION
    * FY OPERATING EXPENSES EXCLUDING DEPRECIATION, AMORTISATION
AND
SHARE-BASED PAYMENT EXPENSES DECREASED BY 16.6% COMPARED TO 2020
    * OUTLOOK: THANKS IN PART TO THE ACQUISITION AND INTEGRATION
OF
REMOTICOM, STRONG REVENUE GROWTH OF MORE THAN 20% IS EXPECTED IN
2022
    * IF DELIVERY TIMES OF NECESSARY COMPONENTS TO PRODUCE
ORDERS ARE
NOT DELAYED TOO MUCH BY CURRENT COMPONENT SHORTAGES, SALES
SHOULD INCREASE IN FIRST HALF OF THE YEAR

Source text: https://bit.ly/3LoJKnI
Further company coverage:  OPIN.BR 

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