Brief: Prodways Group FY Current EBITDA Up At 8.8 Million Euros

Prodways SA

16/03/2022 17:13

March 16 (Reuters) - Prodways Group SA  PWG.PA :
    * FULL-YEAR 2021 RESULTS: ROBUST AND GROWING ACTIVITIES
GENERATING
RECORD RESULTS FOR PRODWAYS GROUP
    * FY REVENUE EUR 70.6 MLN VS EUR 57.2 MLN YR AGO 
    * FY NET INCOME EUR 0.6 MLN VS LOSS EUR 13.9 MLN 
    * FY CURRENT EBITDA UP BY +163% TO EUR 8.8 MILLION
    * FY CASH FLOW FROM OPERATIONS OF +EUR 5.9 MILLION
    * OUTLOOK: 2022 REVENUE GROWTH TARGET OF AROUND +10%,
REVISED
UPWARDS THANKS TO GOOD START TO 2022
    * POSITIVE OUTLOOK * 2022 REVENUE GROWTH TARGET OF AROUND
+10%,
REVISED UPWARDS THANKS TO GOOD START TO 2022
    * ARRIVAL OF A NEW CEO, MICHAËL OHANA, WHO JOINED PRODWAYS
GROUP
ON 1 MARCH 2022
    * STRONG REVENUE GROWTH OF +23% AND +20% ON AN ORGANIC
BASIS,
EXCEEDING 2021 GUIDANCE
    * OUTLOOK 2022: REVENUE GROWTH AND CONTINUED COST CONTROL
SHOULD
LEAD TO IMPROVED RESULTS(IN MILLIONS OF EUROS)

Source text for Eikon:  ID:nACT73604 
Further company coverage:  PWG.PA 

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