Brief: Solocal Sees EBITDA Growth Of Around 15% In 2023-2024

Solocal SE

20/10/2021 17:47

Oct 20 (Reuters) - SOLOCAL GROUP SA  LOCAL.PA :
    * STABLE TURNOVER IN Q3 2021: € 107.6 MILLION OR + 0.4%
VERSUS. Q3
2020
    * DECREASE IN THE ORDER BOOK TO € 250.9 MILLION AS OF
SEPTEMBER
30, 2021 COMPARED TO € 266.0 MILLION AS OF JUNE 30, 2021, I.E.
-5.7%
    * CONFIRMATION OF AN EBITDA OF AROUND € 120 MILLION FOR THE
YEAR
2021
    * SEES THE FINANCIAL PERFORMANCE FOR THE YEAR 2022 BE
COMPARABLE
TO THAT OF THE YEAR 2021, IN TERMS OF REVENUE, EBITDA AND
OPERATING CASH FLOW
    * RELATIVE STABILITY IN THE CUSTOMER BASE IS EXPECTED IN
2022
BEFORE A RETURN TO GROWTH FROM 2023
    * EXPECTS MID-RANGE SINGLE-DIGIT GROWTH IN REVENUE IN 2023
AND
2024
    * SEES ANNUAL GROWTH IN EBITDA OF AROUND 15% IN 2023 AND
2024 AND
TO GENERATE OPERATING CASH FLOWS EXCEEDING 90 MILLION EUROS IN
2024
    * 3 MILLION EUROS REMAIN TO BE DISBURSED IN THE SECOND HALF
OF
2021 AND THE START OF 2022 UNDER THIS TRANSFORMATION PLAN

Further company coverage:  LOCAL.PA 

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