Better than expected results.
FNM posted a strong set of results in Q4 2022 YoY, ahead of our estimates: revenues were up by nearly 8% YoY, adj. EBITDA +27%, EBIT +19%, adj. net profit +228%. The profit of companies at equity was nearly EUR 22m, it was ca. EUR 19m in Q4 2021. The net debt reached ca. EUR 767m up vs. ca. EUR 739m as at the end of Q3 2022. The main drivers of this positive set of results were an increase in traffic YoY and higher tariffs. The company is proposing EUR 0.023 as a D ....
16 Mar 2023
Further growth expected in 2023
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Further growth expected in 2023
Better than expected results.
FNM posted a strong set of results in Q4 2022 YoY, ahead of our estimates: revenues were up by nearly 8% YoY, adj. EBITDA +27%, EBIT +19%, adj. net profit +228%. The profit of companies at equity was nearly EUR 22m, it was ca. EUR 19m in Q4 2021. The net debt reached ca. EUR 767m up vs. ca. EUR 739m as at the end of Q3 2022. The main drivers of this positive set of results were an increase in traffic YoY and higher tariffs. The company is proposing EUR 0.023 as a D ....