Brief: Tessenderlo Adjusted EBITDA Up At 267.1 Million Euros

Tessenderlo NV

26/03/2020 07:13

March 26 (Reuters) - TESSENDERLO GROUP NV  TESB.BR :
    * TESSENDERLO GROUP: 2019 RESULTS IN LINE WITH EXPECTATIONS
    * ON CORONAVIRUS: ALL OF THE PLANTS AND ACTIVITIES ARE
RUNNING IN
LINE WITH EXPECTATIONS AT THE MOMENT, EXCEPT FOR THE CURRENT
DISRUPTION OF PRODUCTION AT DYKA GROUP’S FRENCH PLANT IN
SAINTE-AUSTREBERTHE (SEGMENT INDUSTRIAL SOLUTIONS)
    * FY REVENUE EUR 1.74 BILLION VERSUS EUR 1.62 BILLION YEAR
AGO
    * ON CORONAVIRUS: IMPACT OF THESE EVENTS ON THE FINANCIAL
RESULTS
IS EXPECTED TO BE LIMITED
    * FY 2019 ADJUSTED EBITDA AMOUNTS TO 267.7 MILLION EUR,
COMPARED
TO 177.8 MILLION EUR IN 2018
    * AS PER YEAR-END 2019, GROUP NET FINANCIAL DEBT AMOUNTS TO
347.5
MILLION EUR, INCLUDING 63.7 MILLION EUR IFRS 16 LEASE
LIABILITIES
    * 2020 OUTLOOK: GROUP ANTICIPATES THAT THE 2020 ADJUSTED
EBITDA
WILL BE HIGHER COMPARED TO 2019
    * FY  2019 OPERATIONAL FREE CASH FLOW AMOUNTS TO 145.7
MILLION
EUR, COMPARED TO 56.6 MILLION EUR IN 2018
    * GUIDANCE FOR 2020 DOES NOT INCLUDE ANY POTENTIAL IMPACT
FROM
COVID-19 (CORONAVIRUS)
    * IT IS TOO EARLY TO DETERMINE THE FULL IMPACT OF COVID-19
ON THE
2020 FINANCIAL RESULTS

Source text: https://bit.ly/2JgrYEO
Further company coverage:  TESB.BR 

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