Brief: Deceuninck Reconfirms 2023 Outlook For FY Adjusted Ebitda

Deceuninck NV

24/08/2023 06:11

Aug 24 (Reuters) - Deceuninck NV  DECB.BR :
    * H1 ADJUSTED. EBITDA INCREASED TO € 59.6M (+3.1% VERSUS H1
2022)
DRIVEN BY STRONG BUSINESS PERFORMANCE IN TURKEY AND IMPROVED
PROFITABILITY IN NORTH  AMERICA
    * SALES IN H1 2023 DECREASED BY 15.7% OF WHICH 8.3% RELATED
TO
EXCHANGE RATE MOVEMENTS AND 6.9% DUE TO LOWER VOLUMES
    * NET DEBT DECREASED IN H1 WITH €20.4M VERSUS SAME PERIOD
LAST
YEAR REFLECTING SOLID CASH GENERATION WHILE CONTINUING THE
PLANNED INVESTMENT  PROGRAM
    * OUTLOOK: DECEUNINCK CONTINUES TO INVEST IN SUSTAINABILITY
INITIATIVES WITH A FOCUS ON RECYCLING CAPACITY, USE OF RECYCLED
MATERIALS AND SOLAR ENERGY
    * NET INCOME INCREASED FROM € 7.5M IN H1 2022 TO € 17.8M IN
H1
2023
    * OUTLOOK:  AFTER A SOLID  START IN THE FIRST HALF OF THE
YEAR, WE
RECONFIRM OUR OUTLOOK OF INCREASING OUR FULL YEAR ADJUSTED.
EBITDA - CEO

Source text for Eikon: [ID: nNDL5vtCyH]
Further company coverage:  DECB.BR 

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