Brief: Vantiva Targets EBITDA Of More Than 140 Million Euros In 2023

Vantiva SA

09/03/2023 16:56

March 9 (Reuters) - Vantiva SA  VANTI.PA :

    * VISIBILITY ON LEVEL OF DEMAND FOR CONNECTED HOME PRODUCTS
IS
LIMITED AS NETWORK SERVICES PROVIDERS (NSP) ARE CAREFULLY
MANAGING THEIR INVENTORIES, ESPECIALLY IN US, IN A CONTEXT OF
ECONOMIC UNCERTAINTY
    * TARGETS IN 2023 EBITDA >€140M, EBITA >€ 45M AND FCF >€50M
    * IN 2023, VANTIVA FORECASTS CONTINUING GROWTH FOR BROADBAND
PRODUCTS BUT ANTICIPATES A DECLINE FOR VIDEO DEVICES. THEREFORE
REVENUES OF CONNECTED HOME DIVISION ARE EXPECTED TO BE DOWN, BUT
ON A CHALLENGING BASE OF COMPARISON DUE TO STRONG PERFORMANCE
ACHIEVED LAST YEAR
    * FOR SCS, ACTIVITY SHOULD REMAIN ON SAME TREND AS LAST YEAR
WITH
A NATURAL DECLINE IN DEMAND FOR OPTICAL DISCS, BUT INCREASED
REVENUES FOR "GROWTH ACTIVITIES"
    * INCREASE IN VINYL PRODUCTION CAPACITY SHOULD BE MAIN
GROWTH
DRIVER IN LATTER AREA. GLOBALLY, GROUP EXPECTS A SLIGHT DECREASE
IN DIVISION'S REVENUES
    * MANAGEMENT ALSO ANTICIPATES A PERSISTENT INFLATIONARY
ENVIRONMENT. HOWEVER, THANKS TO OPERATIONAL EFFICIENCY AND
DESPITE THIS CONTEXT, GROUP IS CONFIDENT OF MEETING FOLLOWING
TARGETS IN 2023
    * FY TOTALNET DEBT (W/O CAPITAL LEASE) AMOUNTED TO EUR 216
MILLION
IN NOMINAL TERMS
    * AT END OF YEAR, VANTIVA HELD A CASH POSITION OF EUR 167
MILLION
AND ITS$125M CREDIT LINEWAS FULLY UNDRAWN

Source text for Eikon:  ID:nGNE8343tw 
Further company coverage:  VANTI.PA 

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