renatormbcarvalho

"Martifer multiplies net profits by a factor of 13 in 1S2019"

Long
EURONEXT:MAR   MARTIFER, SGPS, SA
A 11% growth in Operating Income was recorded, from 104.1M€ to 115.6M€. A 230M€ operating income is estimated by year end.
The net profit was 5.4M€. A 2x increase is expected by year end , 11M€, due to a typical second semester seasonally stronger.
Net Debt reduction from 186M to 169M in the 1S2019.
Recorded EBITDA of 8.2M€, expecting to be over 20M€ by year end.

Market capitalization expected to reach 78M€, 0.80€ per share, in 12 months time.