Brief: Prodways Group FY Net Loss EUR 14.0 Mln, Vs Profit EUR 1.6 Mln Yr Ago

Prodways SA

19/03/2024 17:27

March 19 (Reuters) - Prodways Group SA  PWG.PA :
    * FULL-YEAR RESULTS 2023: EUR 75M REVENUE AND 8% RECURRING
EBITDA
MARGIN
    * OUTLOOK: REVENUE GROWTH AND IMPROVED RESULTS AS EARLY AS
2024
    * FY NET LOSS EUR 14.0 MILLION VERSUS PROFIT EUR 1.6 MILLION
YEAR
AGO
    * END-FY FREE CASH FLOW INCREASED TO MEUR 16 AND NET DEBT
FELL TO
MEUR -2.9
    * OUTLOOK 2024: TARGETING SALES GROWTH ON COMPARABLE BASIS
OF EUR
59 MILLION IN 2023, AND INCREASE IN RECURRING EBITDA RATE
    * DISCONTINUATION OF JEWELRY BUSINESS WILL WEIGH ON H1
PROFITABILITY BUT WILL HAVE POSITIVE IMPACT ON RECURRING EBITDA
AS OF H2

Source text for Eikon:  urn:newsml:reuters.com:*:nACT84656
Further company coverage:  PWG.PA 

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