Brief: Tessenderlo Group FY Revenue Up At 2.08 Billion Euros

Tessenderlo NV

24/03/2022 07:36

March 24 (Reuters) - Tessenderlo Group NV  TESB.BR :
    * STRONG 2021 RESULTS IN LINE WITH REVISED OUTLOOK
    * FY REVENUE EUR 2.08 BILLION VERSUS EUR 1.74 BILLION YEAR
AGO
    * FY ADJUSTED EBITDA EUR 354.2 MILLION VERSUS EUR 314.6
MILLION
YEAR AGO
    * FY PROFIT FOR PERIOD EUR 188.3 MILLION VERSUS EUR 98.6
MILLION
YEAR AGO
    * END-FY OPERATIONAL FREE CASH FLOW EUR 188.9 MILLION VERSUS
EUR
213.7 MILLION YEAR AGO
    * END-FY NET FINANCIAL DEBT EUR 74.8 MILLION VERSUS EUR
201.3
MILLION YEAR AGO
    * ANTICIPATES A CONTINUED HIGH LEVEL OF UNCERTAINTY IN 2022
DUE TO
THE CURRENT CONFLICT IN EASTERN EUROPE,  THE DIFFICULT SUPPLY
CHAIN CIRCUMSTANCES, AND OTHER CHALLENGES FOLLOWING THE
CORONAVIRUS PANDEMIC
    * GROUP EXPECTS 2022 ADJUSTED EBITDA IN LINE WITH 2021
ADJUSTED
EBITDA, TAKING INTO ACCOUNT THE EXPECTED POSITIVE FOREIGN
EXCHANGE EFFECT IN 2022 FOLLOWING THE STRENGTHENING OF THE USD
    * WILL PROPOSE TO THE SHAREHOLDERS NOT TO PAY OUT A DIVIDEND
FOR
THE 2021 FINANCIAL YEAR

Source text: https://bit.ly/3um3QYx
Further company coverage:  TESB.BR 

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