Ebusco : No room for delays
>Recent developments, enough cash for now but guidance downgrades continue - On 13 December 2023, Ebusco had provided a more focused (downgraded) outlook for FY23 with sales at €145-155m (as compared to €155-165m) while indicating that FY24 sales are expected to be above €300m (we were initially at €242m) with a forecast of positive EBITDA (we were at a loss of -€9.7m). Besides the new forecast, the management opted for an accelerated equity raise (€25m) combined with...
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