Ameeq Singh

Jun 1, 2023 | 9fin.com | Hee Li Leung |Arturo Alaimo |Yusuf Sule |Ameeq Singh |Nathan R. Mitchell |Emmet Mc Nally | +2 more

Despite a busy earnings schedule, 9fin aims to bring you up to date with results you may have missed during the week. Below you will find a TLDR earnings summary for selected companies in the European HY market. The summary aims to capture earnings performance, recent updates and any guidance mentioned in the call. In this week’s edition we cover Douglas, Canpack, United Group, Fedrigoni, Kiloutou, Tele Columbus, Cerba, Kloeckner Pentaplast, Cheplapharm, and Arxada.

Apr 11, 2023 | 9fin.com | Ameeq Singh

Belgian crane rental business Sarens reported decent results for FY 22 with its topline expanding +13% YoY €651.4m on the back of price increases reflecting inflation pass-through efforts. EBITDA growth, however, was minimal (+2% YoY to €144.7m) as an increasing cost base continued to erode the EBITDA margin. Despite a favourable working capital (WC) swing in Q4 22, FCF remained positive if a bit under pressure for the year.