Report
Joren Van Aken

Ebusco - Rough H1 but some hope for H2

Ebusco's H1 revenue came in at EUR 41.7m, a YoY increase of 12.4% and in line with the profit warning of July 27Both gross profit and EBITDA remained negative at EUR -2.7m and EUR - 43.5m,with the latter being in line with the new guidance of - EUR -44mProduction delays are hitting Ebusco hard but the company is saying that H2 should be better in that respect. The company expects EBITDA to remain negative for the year and to become EBITDA-positive as from 2024. We will adjust our estimates following these results. Our rating and target price are under review
Underlying
EBUSCO HLDG NV

Provider
Degroof Petercam
Degroof Petercam

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Analysts
Joren Van Aken

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