Brief: Tessenderlo H1 Profit Down At 47.5 Million Euros

Tessenderlo NV

26/08/2019 07:08

Aug 26 (Reuters) - TESSENDERLO GROUP NV  TESB.BR :
    * IN LINE WITH EXPECTATIONS DURING HY19 DESPITE INCREASING
ECONOMIC UNCERTAINTIES
    * THE GROUP ANTICIPATES THAT THE 2019 ADJUSTED EBITDA WILL
BE
HIGHER COMPARED TO 2018
    * HY19 PROFIT AMOUNTS TO 47.5 MILLION EUR COMPARED TO 54.9
MILLION
EUR IN HY18
    * H1 PROFIT WAS IMPACTED BY EXCHANGE GAINS AND LOSSES,
MAINLY ON
NON-HEDGED INTERCOMPANY LOANS AND CASH AND CASH EQUIVALENTS IN
USD
    * HY19 ADJUSTED EBITDA AMOUNTS TO 144.9 MILLION EUR COMPARED
TO
97.5 MILLION EUR ONE YEAR EARLIER
    * HY19 REVENUE, WHEN EXCLUDING THE CONTRIBUTION OF T-POWER,
INCREASED BY +5.4% YOY

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

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