Brief: Exel Industries H1 Recurring EBITDA Up At EUR 29.0 Mln

Exel Industries SA

26/05/2023 07:51

May 26 (Reuters) - Exel Industries SA  EXEP.PA :
    * EXEL INDUSTRIES: FIRST HALF 2022-2023 RESULTS
    * EXEL INDUSTRIES POSTED REVENUE OF EUR 483.1 MILLION FOR
FIRST
HALF OF 2022-2023, UP 18.7% AS REPORTED AND UP 16.1% AT CONSTANT
FOREIGN EXCHANGE RATES AND SCOPE
    * H1 REPORTED RECURRING EBITDA IMPROVED SHARPLY TO EUR 29.0
MILLION, OR 6.0% OF REVENUE
    * NET INCOME FOR FIRST HALF OF 2022-2023 TOTALED EUR 4.2
MILLION
VERSUS EUR 1.9 MILLION IN 2022
    * H1 NET FINANCIAL INCOME/(EXPENSE) DETERIORATED SHARPLY TO
A EUR
8.3 MILLION NET EXPENSE DUE TO CHANGES IN FOREIGN EXCHANGE GAINS
AND LOSSES
    * NET FINANCIAL DEBT AT MARCH 31, 2023 WAS EUR 176.4
MILLION,
COMPARED TO EUR 154.6 MILLION IN 2022
    * OUTLOOK: REGIONAL TRENDS ARE EXPECTED TO REMAIN SAME IN
THREE
MAIN MARKETS MARKED BY STABILIZATION IN EUROPE AND NORTH AMERICA
AND SUSTAINED GROWTH IN ASIA

Source text for Eikon:  ID:nGNE2VmHsm 
Further company coverage:  EXEP.PA 

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