Brief: Tessenderlo Group H1 Adjusted EBITDA At EUR 205.1 Million

Tessenderlo NV

24/08/2023 07:05

Aug 24 (Reuters) - Tessenderlo Group NV  TESB.BR :
    * LOWER HY23 ADJUSTED EBITDA COMPARED TO RECORD HY22
ADJUSTED
EBITDA BUT STABLE CASH FLOW GENERATION REALIZED
    * THE HY23 ADJUSTED EBITDA AMOUNTS TO 205.1 MILLION EUR
    * AS PER HY23, THE NET CASH POSITION OF THE GROUP AMOUNTS TO
+13.3
MILLION EUR, COMPARED TO A NET FINANCIAL DEBT  OF -48.5 MILLION
EUR AS PER HY22
    * THE HY23 PROFIT AMOUNTS TO 83.4 MILLION EUR COMPARED TO
163.6
MILLION EUR AND 123.9 MILLION EUR PRO FORMA IN  HY22
    * ANTICIPATES CONTINUED HIGH LEVEL OF ECONOMIC UNCERTAINTY
IN THE
SECOND HALF OF 2023, PUTTING THE  DEVELOPMENT OF CUSTOMER DEMAND
AND SALES MARGIN MORE UNDER PRESSURE
    * THE GROUP EXPECTS THAT THE 2023 ADJUSTED EBITDA WILL BE
20% TO
30% LOWER THAN THE RECORD ADJUSTED  EBITDA ACHIEVED IN 2022

Source text: https://tinyurl.com/amt88yke
Further company coverage:  TESB.BR 

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