Brief: Spadel Sees Significant Decline In FY Operating Profit

Societe de Services de Participations, de Direction et dElaboration SA

26/08/2022 16:54

Aug 26 (Reuters) - Societe de Services de Participations, de
Direction et d'Elaboration SA  SPAB.BR :
    * SPADEL GROUP ACHIEVED STRONG SALES GROWTH IN THE FIRST
HALF OF
2022, CLOSING THE PERIOD WITH AN 11.2% INCREASE IN TURNOVER
    * H1 OPERATING PROFIT (EBIT) FELL BY 33%
    * H1 TURNOVER EUR 156.69 MILLION VERSUS EUR 140.87 MILLION
YEAR
AGO
    * END-JUNE OPERATING PROFIT EUR 14.4 MILLION VERSUS EUR 21.5
MILLION YEAR AGO
    * H1 EBITDA EUR 25.13 MILLION VERSUS EUR 31.85 MILLION YEAR
AGO
    * END-JUNE PROFIT FOR THE PERIOD EUR 8.4 MILLION VERSUS EUR
17.9
MILLION YEAR AGO
    * EXPECTS CONTINUED SALES GROWTH, BUT A SIGNIFICANT DECLINE
IN
OPERATING PROFIT OVER THE FULL YEAR 2022
    * OUTLOOK: THE SEARCH FOR A BALANCE BETWEEN THE INCREASE IN
RAW
MATERIAL PRICES AND OUR SALES PRICES TO RETAILERS, IN ORDER TO
PROTECT OUR MARGINS, WILL REMAIN A MAJOR CHALLENGE IN THE MONTHS
TO COME

Further company coverage:  SPAB.BR 

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