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Belgium’s Picanol Group revises 2022 outlook, expects €430.3 mn EBITDA

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Primarily based on the present scenario, Belgium-based Picanol Group has confirmed that it anticipates that the 2022 Adjusted EBITDA can be according to the 2021 Adjusted EBITDA (€430.3 million). The earlier outlook projected the 2022 Adjusted EBITDA to be decrease than the 2021 Adjusted EBITDA.

Tessenderlo Group anticipates the Adjusted EBITDA for 2022 to be roughly 10 per cent larger than the 2021 Adjusted EBITDA (€354.2 million). The earlier outlook projected the 2022 Adjusted EBITDA to be according to the 2021 Adjusted EBITDA, the corporate stated in a media launch.

Primarily based on the present scenario, Picanol Group, a diversified industrial group, has confirmed that it anticipates that the 2022 Adjusted EBITDA can be according to the 2021 Adjusted EBITDA (€430.3 million). Tessenderlo Group anticipates the Adjusted EBITDA for 2022 to be roughly 10 per cent larger than the 2021 Adjusted EBITDA (€354.2 million).

This revised outlook for the 2022 monetary yr displays the robust first half of the yr because of better-than-expected market situations within the Agro section, improved margins of various merchandise throughout the Bio-valorisation section and beneficial market situations within the Industrial Options section.

Picanol Group has emphasised that it at present operates in a unstable geopolitical, financial, monetary, and well being setting.

Picanol Group will announce its outcomes for the primary half of 2022 on August 25, 2022.

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