Brief: Viohalco H1 a-EBITDA Up 53% At 196 Million Euros

Viohalco SA

23/09/2021 17:20

Sept 23 (Reuters) - Viohalco SA  VIOH.BR :
    * H1 CONSOLIDATED REVENUE INCREASED BY 33%, AMOUNTING TO EUR
2,489
MILLION, VERSUS EUR 1,875 MILLION IN H1 2020
    * H1 CONSOLIDATED OPERATING PROFITABILITY (A-EBITDA)
INCREASED BY
53% AND STOOD AT EUR 196 MILLION, VERSUS EUR 128 MILLION IN H1
2020
    * H1 CONSOLIDATED PROFIT BEFORE TAX AMOUNTED TO EUR 137
MILLION,
VERSUS A LOSS OF EUR 7 MILLION IN H1 2020
    * END-H1 NET FINANCE COST STOOD AT EUR 45.7 MILLION (H1
2020: EUR
46.7 MILLION)
    * VIOHALCO COMPANIES’ NET DEBT INCREASED TO EUR 1,684
MILLION (31
DECEMBER 2020: EUR 1,581 MILLION) BEFORE IFRS 16 ADJUSTMENT,
MAINLY DUE TO THE INCREASE OF THE WORKING CAPITAL
    * LOOKING AHEAD, CONTINUED UNCERTAINTY AROUND THE
PROGRESSION OF
THE COVID-19 PANDEMIC, ITS SEVERITY AND DURATION WILL CONTINUE
TO HAVE AN IMPACT FOR THE REMAINDER OF THE YEAR
    * HOWEVER, WHILE UNCERTAINTY WILL UNDOUBTEDLY PERSIST AND
MARKET
CONDITIONS LIKELY VARY BY SEGMENT, BUSINESS CONDITIONS ARE
EXPECTED TO IMPROVE FURTHER IN THE SECOND HALF

Source text for Eikon:  ID:nNDLbzzB9K 
Further company coverage:  VIOH.BR 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))