(CercleFinance.com) – The Group’s turnover stood at €1,596 million for the 3rd quarter of 2023, down 22% compared to the 3rd quarter of 2022, in a context of decline in oil prices compared to the same period. period of the previous financial year (-8%).
Following on from the 2nd quarter, LPG volumes continued to grow at a dynamic pace in the 3rd quarter. The margin remained stable, supported by strong bulk demand in Portugal and Morocco, with particularly high growth among ceramists.
The Group reaffirms that 2023 will be a new year of improvement in net income, Group share compared to 2022 (adjusted for goodwill depreciation).
‘ EBITDA should be between 690 ME and 730 ME, and the dividend will increase in line with the Group’s distribution policy. Cash flow from traditional activities will be able to support both dividend growth and investments to establish the sustainable growth of the company, management indicates.