Brief: Hoffmann Green H1 EBITDA Loss Widens To EUR 2.1 Mln, Pushes Back Financial Targets

Hoffmann Green Cement Technologies SA

05/10/2020 13:43

Oct 5 (Reuters) - HOFFMANN GREEN CEMENT TECHNOLOGIES SAS
 ALHGR.PA :
    * H1 REVENUE EUR 96,000 VS EUR 33,000 YR AGO
    * H1 EBITDA LOSS EUR 2.1 MLN VS LOSS EUR 0.8 MLN YR AGO
    * H1 NET LOSS EUR 4.4 MLN VS LOSS EUR 1.0 MLN YR AGO
    * END-JUNE CASH POSITION EUR 47.4 MLN VS EUR 40.9 AT END-DEC
    * END-JUNE SHAREHOLDERS' EQUITY EUR 66.1 MLN VS EUR 70.5 MLN
AT
END-DEC
    * CONTINUED INDUSTRIAL DEVELOPMENT: EXTENSION OF H1 SITE
COMPLETED, BUILDING PERMIT FOR H2 SUBMITTED, ONGOING REVIEW OF
POTENTIAL SITES FOR H3
    * CONFIRMS INDUSTRIAL PLAN TARGETING PRODUCTION OF 550,000
TONS OF
CEMENT BY 2024
    * MAINTAINS TARGET TO ACHIEVE 3% SHARE OF FRENCH CEMENT
MARKET,
WITH REVENUE OF EUR 120 MLN, BUT PUSHES IT BACK BY A YEAR DUE TO
COVID-19 PANDEMIC: GUIDANCE NOW SET FOR 2025-26
    * STRENGTHENING OF THE ORDER BOOK TO DATE
    * EXPECTS TO COMMERCIALISE 1,500 TONS OF CEMENT IN 2020 AND
20,000
TONS OF CEMENT IN 2021
    * EXPECTS TO RECORD POSITIVE EBITDA FROM 2022 AND RECURRING
OPERATING PROFIT FROM 2023
    * MAINTAINS ITS EBITDA MARGIN TARGET OF 40% BY END OF ITS
PLAN
    * AIMS TO ACHIEVE SCOPE 3 STANDARD BY END-2020 REGARDING CSR
ROADMAP

    
 Source text for Eikon:  ID:nBw72tQ3ga 
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