Brief: Quadpack Industries H1 EBITDA At EUR 6.9 Mln

Quadpack Industries SA

22/11/2022 17:05

Nov 22 (Reuters) - QUADPACK INDUSTRIES SA  ALQP.PA :
    * REVENUES EUR 74 MILLION FOR H1 2022, UP 58% OVER PREVIOUS
YEAR
(EUR 46.7 MILLION)
    * H1 NET PROFIT OF EUR 1.5 MILLION, DEMONSTRATING RECOVERY
FROM
PANDEMIC DOWNTURN
    * H1 EBITDA EUR 6.9 MILLION - 9.3% OF REVENUE VERSUS 7.5% IN
2021
    * IN SECOND HALF, QUADPACK IS FOCUSED ON REDUCING DEBT AND
INCREASING LIQUIDITY BY FOCUSING ON IMPROVING CASHFLOW
GENERATION AND COST CONTROL
    * END-H1 CASH POSITION OF EUR 6.5 MILLION, WITH AN INCREASE
IN NET
DEBT TO EUR 53.5 MILLION
    * DURING FIRST HALF OF 2022, GROUP'S NET DEBT POSITION
INCREASED
BY EUR 5.6 MILLION TO EUR 53.5 MILLION
    * ESTIMATED TURNOVER FOR 2022 IS EUR 140 MILLION, WITH
CONTINUED
MOMENTUM DURING 2023
    * LONG-TERM CONTRACT AGREEMENTS FROM KEY CUSTOMERS SUGGEST
THAT
CURRENT VOLUMES WILL BE SUSTAINED FOR FORESEEABLE FUTURE

Source text for Eikon:  ID:nACT77333 
Further company coverage:  ALQP.PA 
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