Savannah’s FY 2021 results are in line with January’s FY21 trading update. Total Revenues grew 7% to US$231m revenue and total cash collections from Nigeria were US$208m, as previously disclosed. Adjusted EBITDA also rose 7% to US$175m, 12% ahead of our forecast. Year-end net debt of US$370m and cash balances of US$154m were also previously disclosed.
08 Jun 2022
Savannah Energy - FY 2021 results
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Savannah Energy - FY 2021 results
Savannah Energy Plc (SAVE:LON) | 26.4 0 0.0% | Mkt Cap: 346.7m
- Published:
08 Jun 2022 -
Author:
Jonathan Wright -
Pages:
8
Savannah’s FY 2021 results are in line with January’s FY21 trading update. Total Revenues grew 7% to US$231m revenue and total cash collections from Nigeria were US$208m, as previously disclosed. Adjusted EBITDA also rose 7% to US$175m, 12% ahead of our forecast. Year-end net debt of US$370m and cash balances of US$154m were also previously disclosed.