Seche climbs on outlook hike, 'solid' H1 operating result

Seche Environnement SA

13/09/2022 09:22

** Shares in Seche Environnement  CCHE.PA  rise 4.1% after
the waste management company raises its full-year guidance and
reports upbeat H1 results  urn:newsml:reuters.com:*:nFWN30J23P
    ** The company's H1 EBITDA increases 23% to EUR 100 mln
($101 mln), with a margin of 23.3% vs 22.9% a year earlier; H1
net result, group share, rises 87% year-on-year
    ** It now sees FY organic revenue growth of 5% to 10%
compared to 2021, and EBITDA margin between 23% and 24% of
contributed revenue
    ** Broker Portzamparc deems the H1 operating results
"particularly solid" and above its expectations
    ** "The increase in guidance despite a less favourable
macroeconomic context shows the company's confidence in its
ability to improve its results in a more uncertain environment",
says Portzamparc, which had found the previous guidance "too
cautious"
    ** Shares are on track for their best day since June 27

($1 = 0.9860 euros)

 (Reporting by Olivier Cherfan)
 ((olivier.cherfan@thomsonreuters.com))