Belgium's Picanol Group revises 2022 outlook, expects €430.3 mn EBITDA
22 Jun 22 1 min read
Tessenderlo Group anticipates the Adjusted EBITDA for 2022 to be approximately 10 per cent higher than the 2021 Adjusted EBITDA (€354.2 million). The previous outlook projected the 2022 Adjusted EBITDA to be in line with the 2021 Adjusted EBITDA, the company said in a media release.
This revised outlook for the 2022 financial year reflects the strong first half of the year thanks to better-than-expected market conditions in the Agro segment, improved margins of a number of products within the Bio-valorisation segment and favourable market conditions in the Industrial Solutions segment.
Picanol Group has emphasised that it currently operates in a volatile geopolitical, economic, financial, and health environment.
Picanol Group will announce its results for the first half of 2022 on August 25, 2022.
Fibre2Fashion News Desk (KD)
Popular News
|
|
Small spaces dominate US retail leases in Q1 2024: JLL report |
|
|
UFLPA’s impact on US textile imports: A shift in global trade dynamics |
|
|
Bangladesh 3rd largest apparel supplier for Malaysia this year |
|
|
UK employment rate estimated 74.5% in Q1 2024, unemployment rate 4.3% |
|
|
South Indian cotton yarn stable; sentiments weak amid cash crunch |
|
|
US textiles & clothing imports surge by volume in Jan-Mar 2024 |
