Brief: Veganz Group Q1 Net Loss At EUR -2.3 Mln

Planethic AG

31/05/2022 06:33

May 31 (Reuters) - VEGANZ GROUP AG  VEZ.DE :
    * Q1 SALES VEGANZ GROUP AG AT EUR 6.3 MILLION
    * COMPANY EXPECTS A SLIGHT SALES DECREASE FOR FISCAL YEAR
2022,
BOTH AT GROUP LEVEL AND AT INDIVIDUAL COMPANY LEVEL
    * THERE WAS A CORRESPONDING DECLINE IN EBITDA AND EBIT TO
EUR -1.9
MILLION (PRIOR YEAR: EUR -1.3 MILLION) AND EUR -2.1 MILLION
(PRIOR YEAR: EUR -1.5 MILLION)
    * Q1 NET LOSS AT EUR -2.3 MILLION
    * NET CASH AND EQUITY RATIO OF VEGANZ GROUP AG WERE
SIGNIFICANTLY
ABOVE PREVIOUS YEAR AT EUR 10.6 MILLION (PRIOR YEAR: EUR -13.2
MILLION) AND 54 PERCENT (PRIOR YEAR: - PERCENT)
    * SUFFERED DISPROPORTIONATELY FROM UKRAINE WAR AND
ASSOCIATED LOSS
OF PROMOTIONS IN Q1 OF 2022 WITH A SALES SHARE OF ZERO PERCENT
(PREVIOUS YEAR: 14 PERCENT)
    * Q1 GROSS PROFIT MARGIN AMOUNTED TO 29.5 PERCENT (PRIOR
YEAR:
30.3 PERCENT)
    * Q1 ADJUSTED EBITDA AT EUR -1.8 MILLION

Source text for Eikon:  ID:nEQ4zH11Qa 
Further company coverage:  VEZ.DE 

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