Brief: Ter Beke H1 Underlying EBITDA Down At EUR 18 Mln

Whats Cooking NV

26/08/2022 06:53

Aug 26 (Reuters) - Ter Beke NV  TERB.BR :
    * HALF-YEAR RESULTS 2022
    * 9% INCREASE IN HALF-YEARLY TURNOVER: FROM EUR 342 MILLION
TO EUR
373 MILLION
    * A DECREASE IN UNDERLYING EBITDA FROM EUR 27 MILLION TO EUR
18
MILLION IN H1
    * END-H1 NET DEBT REMAINED STABLE AT EUR 74.6 MILLION (END
OF
PREVIOUS FINANCIAL YEAR: EUR 73.8 MILLION)
    * INTENTION TO MERGE WITH IMPERIAL - STEGEMAN IN BELGIUM AND
NETHERLANDS IS PENDING FURTHER INVESTIGATION BY BELGIAN AND
DUTCH COMPETITION AUTHORITIES
    * POSSIBLE MERGER WITH IMPERIAL - STEGEMAN HAS NOT BEEN AND
WILL
NOT BE TAKEN INTO ACCOUNT BEFORE 2022
    * ABOUT POSSIBLE MERGER WITH IMPERIAL - STEGEMAN : IF
APPROVED,
SYNERGIES WILL BE WORKED OUT FROM THE TIME OF CLOSING AND TAKEN
INTO ACCOUNT OVER TIME
    * EXCEPTIONAL COST INFLATION IS PASSED ON RESPONSIBLY AND
TRANSPARENTLY - BUT WITH A DELAY

Source text for Eikon:  ID:nNDL9wtdCX 
Further company coverage:  TERB.BR 

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