Brief: Ter Beke Confirms Progress In 2021 But Remarks Extraordinary Inflation Of Costs In 2022

Whats Cooking NV

15/02/2022 06:56

Feb 15 (Reuters) - Ter Beke NV  TERB.BR :
    * TER BEKE CONFIRMS PROGRESS IN 2021 BUT REMARKS
EXTRAORDINARY
INFLATION OF COSTS IN 2022
    * EXPECTS 2021 NET DEBT REDUCTION TO BELOW EUR 75 MILLION
    * TER BEKE NV SEES 2021 UNDERLYING EBITDA RESULT OF BETWEEN
EUR 52
AND 53 MILLION
    * PROSPECTS 2022: AS A CONSEQUENCE OF TOUGH CONTRACTUAL
DISCUSSIONS WITH ONE OF THE GROUP’S MAIN RETAIL CUSTOMERS WITHIN
THE READY MEALS DIVISION, GROUP MAY TEMPORARILY NEED TO SUSPEND
ITS SALES OF A NUMBER OF PRODUCTS
    * GENERAL SCARCITY OF CERTAIN RAW MATERIALS, INGREDIENTS AND
PACKAGING MATERIALS CAN IN CERTAIN CASES LEAD TO SUPPLY ISSUES
TOWARDS CUSTOMERS, DUE TO FORCE MAJEURE
    * PROSPECTS 2022: PROVIDING FURTHER PROSPECTS IN THIS PERIOD
OF
VERY HIGH INFLATION, WITH UNCERTAINTY AROUND THE AVAILABILITY OF
RAW MATERIALS, IS AN IMPOSSIBLE TASK
    * PROSPECTS 2022: GROUP MAY TEMPORARILY NEED TO SUSPEND ITS
SALES
OF A NUMBER OF PRODUCTS AND THIS COULD HAVE A SIGNIFICANT IMPACT
ON THE SALES AND RESULTS OF THE GROUP

Further company coverage:  TERB.BR 

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