Brief: Tessenderlo H1 EBITDA Up At Eur 247.6 Mln

Tessenderlo NV

25/08/2022 07:00

Aug 25 (Reuters) - Tessenderlo Group  TESB.BR :
    * H1 REVENUE EUR 1.34 BILLION VERSUS EUR 1.02 BILLION YEAR
AGO
    * H1 ADJUSTED EBITDA EUR 247.6 MILLION VERSUS EUR 184.7
MILLION
YEAR AGO
    * END-H1 NET FINANCIAL DEBT EUR 48.5 MILLION VERSUS EUR 74.8
MILLION AT END-2021
    * H1 PROFIT EUR 163.6 MILLION VERSUS EUR 97.3 MILLION YEAR
AGO
    * H1 OPERATIONAL FREE CASH FLOW EUR 88.1 MILLION VERSUS EUR
129.5
MILLION YEAR AGO
    * ANTICIPATES A CONTINUED HIGH LEVEL OF UNCERTAINTY IN
SECOND HALF
OF 2022 AND IN 2023
    * EXPECTS 2022 ADJUSTED EBITDA WILL BE 15% TO 20% HIGHER
THAN 2021
ADJUSTED EBITDA (EUR 354.2 MILLION)
    * RESULT FOR SECOND HALF IS EXPECTED TO BE IN LINE WITH SAME
PERIOD IN PREVIOUS YEAR
    * CONSTRUCTION WORK ON THIO-SUL® PLANT IN GELEEN SCHEDULED
TO
START IN Q4 2022, TO BE OPERATIONAL FROM Q1 2024
    * PRODUCTION LINE FOR ORGANIC FERTILISERS BUILT BY VOILLEAU
IN
VENEROLLES WILL BE OPERATIONAL FROM Q2 2023
    * CONSTRUCTION WORK OF NEW PLANT IN DEFIANCE TO START IN Q3
2022,
TO BE OPERATIONAL IN H1 2024

Source text for Eikon:  ID:nNDL9NPcX8 
Further company coverage:  TESB.BR 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))