Brief: Plastivaloire FY Net Result Turns To Loss Of EUR 20.2 Mln

Plastiques du Val de Loire SA

14/12/2022 17:13

Dec 14 (Reuters) - Plastiques du Val de Loire SA
 PLVP.PA :
    * ANNUAL RESULTS 2021-2022
    * AVAILABLE CASH AMOUNTED TO €40.7 MILLION AT SEPTEMBER 30,
2022
(VERSUS. €73.5 MILLION A YEAR AGO)
    * OUTLOOK: CONTINUATION OF REBOUND TRAJECTORY OVER 2022-2023
    * FY NET LOSS EUR 20.2 MILLION VERSUS PROFIT EUR 11.6
MILLION YEAR
AGO
    * FY RECURRING OPERATING PROFIT EUR 4.3 MILLION VERSUS EUR
21.6
MILLION YEAR AGO
    * PLASTIVALOIRE TARGETING SLIGHTLY IMPROVED EBITDA MARGIN
COMPARED
TO 2021-2022
    * FY REVENUE EUR 704.2 MILLION VERSUS EUR 677.2 MILLION YEAR
AGO
    * OUTLOOK: CONTINUED GROWTH IN EUROPE, NORTH AMERICA, AIMING
FOR
SALES IN 2022-2023 OF AROUND €730 MILLION
    * OUTLOOK: CONTINUED ADJUSTMENT TO INFLATION WILL BE MAJOR
CHALLENGE IN 2022-2023
    * OUTLOOK: GROUP INTENDS TO OFFSET EXPECTED INCREASE IN
ENERGY
PRICES, PRODUCTION COSTS BY IMPROVEMENT IN GROSS GROSS MARGIN
    * OUTLOOK: BEYOND 2022-2023, GROUP HAS GOOD VISIBILITY ON
ITS
BUSINESS
    * OUTLOOK: GROUP IS  CONFIDENT OF GRADUAL RETURN TO ITS
NORMAL
ECONOMIC LEVELS, PERFORMANCE, ONCE CONTEXT HAS NORMALIZED

Further company coverage:  PLVP.PA 
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