Brief: Siegfried Holding H1 Core EBITDA At CHF 130.2 Mln

Siegfried Holding AG

18/08/2022 07:22

Aug 18(Reuters) - SIEGFRIED HOLDING AG  SFZN.S :
    * SAID ON THURSDAY: SIEGFRIED SIGNIFICANTLY INCREASES SALES
AND
PROFITS IN THE FIRST HALF OF 2022 DESPITE CHALLENGING
ENVIRONMENT
    * H1 NET SALES UP TO CHF 586.7 MILLION (29.9% IN LOCAL
CURRENCIES)
    * H1 Core EBITDA OF CHF 130.2 MILLION (PRIOR YEAR CHF 80.5
MILLION) AT AN EXPANDED MARGIN OF 22.2% (PRIOR YEAR 17.3%) 
    * H1 CORE NET PROFIT OF CHF 65.2 MILLION (PRIOR YEAR CHF
32.6
MILLION) 
    * OUTLOOK FOR FULL-YEAR UPGRADED DESPITE CHALLENGING
ENVIRONMENT:
SIEGFRIED NOW EXPECTS GROWTH IN NET SALES TO BE ABOVE 15% FOR
THE FULL-YEAR AND CORE EBITDA MARGIN IN THE RANGE OF THE
PROFITABILITY OF THE FIRST HALF-YEAR 2022
    * H1 CASH FLOW FROM OPERATING ACTIVITIES REACHED CHF 128.1
MLN(PRIOR PERIOD: CHF 85.7 MLN) BEFORE CHANGES IN NET WORKING
CAPITAL, AND CHF 76.3 MLN(PRIOR PERIOD: CHF 96.9 MLN) AFTER
CHANGES TO NET WORKING CAPITAL

    
 Further company coverage:  SFZN.S  

 (Gdansk Newsroom)
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