Brief: Viohalco H1 Consolidated Adjusted EBITDA Up At EUR 355 Mln

Viohalco SA

22/09/2022 17:52

Sept 22 (Reuters) - Viohalco SA  VIOH.BR :
    * FINANCIAL RESULTS FOR THE FIRST HALF YEAR 2022
    * H1 CONSOLIDATED REVENUE AMOUNTED TO EUR 3,597 MILLION,
INCREASED
BY 45% VERSUS EUR 2,489 MILLION IN HY 2021.
    * H1 CONSOLIDATED ADJUSTED EBITDA (A-EBITDA) STOOD AT EUR
355
MILLION VERSUS EUR 196 MILLION IN H1 2021
    * H1 CONSOLIDATED PROFIT BEFORE INCOME TAX AMOUNTED TO EUR
293
MILLION, COMPARED TO EUR 137 MILLION IN H1 2021
    * OUTLOOK FOR THE SECOND HALF OF 2022 REMAINS CHALLENGING
    * VIOHALCO COMPANIES WILL CONTINUE TO OPTIMIZE THEIR
PRODUCTION
CAPACITIES AND PRODUCT  PORTFOLIOSTHROUGH TARGETED INVESTMENTS
    * H1 CAPITAL EXPENDITURE FOR THE PERIOD AMOUNTED TO EUR 163
MILLION (H1 2021: EUR 108 MILLION)
    * H1 WORKING CAPITAL INCREASED BY 67%, OR EUR 673 MILLION,
COMPARED TO 31 DECEMBER 2021
    * H1 VIOHALCO COMPANIES’ NET DEBT INCREASED TO EUR 2,196
MILLION
(31 DECEMBER 2021: EUR 1,684 MILLION) BEFORE IFRS 16 ADJUSTMENT

Source text for Eikon:  ID:nNDL3QX8cV 
Further company coverage:  VIOH.BR 
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