Brief: Winfarm FY EBITDA Up At EUR 4.9 Million

Winfarm SA

30/03/2022 16:57

March 30 (Reuters) - Winfarm SA  ALWF.PA :
    * SHARP GROWTH IN RESULTS FOR THE 2021 FINANCIAL YEAR. 2022:
REAFFIRMED CONFIDENCE IN A TENSE ENVIRONMENT THAT DEMANDS
VIGILANCE
    * REAFFIRMED CONFIDENCE IN 2022 IN A TENSE ENVIRONMENT THAT
DEMANDS VIGILANCE
    * PLANS TO LAUNCH THE CONSTRUCTION OF AN EXTENSION OF THE
FOOD
SUPPLEMENT PLANT IN H1 2022, FOR A TOTAL INVESTMENT OF €3.5M,
WHICH WILL CONTRIBUTE TO THE NUTRITION ACTIVITY FROM THE SECOND
HALF OF 2023
    * AS AT 31 DECEMBER 2021, COMPANY POSTED EQUITY OF EUR 22.7M
FOR
FINANCIAL DEBT OF EUR 21.8M
    * WINFARM REITERATES ITS CONFIDENCE IN ACHIEVING ANOTHER
YEAR OF
GROWTH IN 2022
    * RECONFIRMS ITS OBJECTIVES TO ACHIEVE REVENUE OF AROUND EUR
200M
AND AN EBITDA MARGIN OF AROUND 6.5% BY 2025
    * END FY CASH STOOD AT EUR 12.2M
    * FY CONSOLIDATED EBITDA ROSE SHARPLY BY +81% TO EUR 4.9M
    * INTENDS TO PURSUE ITS EXTERNAL GROWTH STRATEGY,
PARTICULARLY ON
INTERNATIONAL FRONT, WHICH PRESENTS HIGH-POTENTIAL
OPPORTUNITIES, BUT ALSO IN FRANCE WITH A VIEW TO CONSOLIDATING
ITS POSITIONS
    * FY NET INCOME GROUP SHARE EUR 1.4 MILLION VERSUS EUR 0.5
MILLION
YEAR AGO
    * WHILE WINFARM MANAGED TO PASS ON ALL PURCHASE PRICE
INCREASES IN
2021 TO ITS SALES PRICES, A PROLONGED CONTINUATION OF THESE
INCREASES IN 2022 COULD TEMPORARILY PENALISE GROUP'S MARGINS
    * FY REVENUE EUR 108.1 MILLION VERSUS EUR 98.9 MILLION YEAR
AGO

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Further company coverage:  ALWF.PA 

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