EQS-News: Befesa S.A.: Befesa achieved €137m adjusted EBITDA in the first 9 months of 2023 amid a persistently challenging market environment
However, adjusted EBITDA decreased by 17% to €136.7 million in 9M (9M 2022: €163.9 million) and by 8% to €42.0 million in Q3 (Q3 2022: €45.9 million).
- However, adjusted EBITDA decreased by 17% to €136.7 million in 9M (9M 2022: €163.9 million) and by 8% to €42.0 million in Q3 (Q3 2022: €45.9 million).
- After reaching all-time-high levels in the first half of 2023, Befesa’s coke price started to reduce in Q3 2023 (-4% vs Q2 2023).
- Therefore, Befesa expects full-year adjusted EBITDA for 2023 around €180m (previously: €200m to €230m).
- Based on the appointment, the proportion of women on the Befesa Board of Directors has increased up to 38%.