Brief: Hoffmann Green H1 EBITDA Loss Widens To 3.5 Million Euros

Hoffmann Green Cement Technologies SA

19/09/2022 07:05

Sept 19 (Reuters) - Hoffmann Green Cement Technologies SAS
 ALHGR.PA :
    * HOFFMANN GREEN ANNOUNCES ITS 2022 HALF-YEAR RESULTS
    * STRENGTHENING OF ORDER BOOK TO 210,000 TONS AT END-JUNE
2022:
SIX NEW CONTRACTS SIGNED, TWO OF THEM ABROAD
    * MEDIUM-TERM FINANCIAL TARGETS REAFFIRMED, DRIVEN BY A
FAVORABLE
INFLATIONARY AND REGULATORY CONTEXT STRENGTHENING HOFFMANN
GREEN’S MODEL
    * H1 REVENUE EUR 544,000 VERSUS EUR 540,000 YEAR AGO
    * H1 EBITDA LOSS EUR 3.5 MILLION VERSUS LOSS OF EUR 2.6
MILLION
YEAR AGO
    * H1 NET LOSS EUR 4.6 MILLION VERSUS LOSS OF EUR 2.7 MILLION
YEAR
AGO
    * WITHIN CURRENT CONTEXT OF ENERGY PRICE INFLATION,
PERTINENCE OF
HOFFMANN GREEN'S POSITIONING IS THUS STRONGER THAN EVER
    * COMPANY IS PLANNING TO EXPAND ITS FLEET OF SOLAR TRACKERS
TO 12
UNITS BY END OF 2022 IN ORDER TO INCREASE ITS ENERGY
SELF-SUFFICIENCY
    * AT END-JUNE €41 MILLION IN AVAILABLE CASH (€52.8 MILLION
INCLUDING PLACEMENTS)
    * WILL CLOSELY MONITOR EVOLUTION OF INCREASE IN ENERGY AND
TRANSPORT COSTS AND SUPPLY DIFFICULTIES AFFECTING CERTAIN RAW
MATERIALS THAT ARE CURRENTLY IMPACTING CONSTRUCTION SECTOR

Source text for Eikon:  ID:nBwbQRSCQa 
Further company coverage:  ALHGR.PA 

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