Brief: Tessenderlo Says FY Adj EBITDA To Be 5-10% Lower Than In 2023

Tessenderlo NV

21/08/2024 07:05

Aug 21 (Reuters) - Tessenderlo Group NV  TESB.BR :
    * H1 REVENUE EUR 1.39 BILLION
    * HY24 ADJUSTED EBITDA AMOUNTS TO 150.7 MILLION EUR
    * H1 PROFIT EUR 61.4 MILLION
    * AS PER HY24, THE NET CASH POSITION OF THE GROUP AMOUNTS TO
+32.6
MILLION EUR
    * OUTLOOK: 2024 ADJUSTED EBITDA IS EXPECTED TO BE 5% TO 10%
LOWER
THAN THE ADJUSTED EBITDA ACHIEVED IN 2023
    * ANTICIPATES CONTINUED HIGH LEVEL OF ECONOMIC UNCERTAINTY
IN H2,
PUTTING DEVELOPMENT OF CUSTOMER DEMAND AND SALES MARGIN STILL
UNDER PRESSURE
    * OUTLOOK: ADJUSTED EBITDA OF H2 OF 2024 TO BE HIGHER THAN
ADJUSTED EBITDA OF H2 OF 2023

Further company coverage:  TESB.BR 

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