{"id":16953,"date":"2023-02-22T08:40:37","date_gmt":"2023-02-22T07:40:37","guid":{"rendered":"https:\/\/tereos.com\/?post_type=press_release&p=16953"},"modified":"2023-02-22T08:40:37","modified_gmt":"2023-02-22T07:40:37","slug":"press-release-third-quarter-2022-23-improved-results","status":"publish","type":"press_release","link":"https:\/\/tereos.com\/en\/press-releases\/press-release-third-quarter-2022-23-improved-results\/","title":{"rendered":"[Press release] Third-quarter 2022\/23 : Improved results"},"author":1338,"featured_media":0,"template":"","categories":[140],"class_list":["post-16953","press_release","type-press_release","status-publish","hentry","category-results-financial-releases"],"acf":{"cover_image":false,"cover_clone":{"cover_image":false},"file":{"ID":16954,"id":16954,"title":"tereos-group-financial-release-q3-2022-23","filename":"tereos-group-financial-release-q3-2022-23.pdf","filesize":416846,"url":"https:\/\/www.tereos.com\/app\/uploads\/2023\/02\/tereos-group-financial-release-q3-2022-23.pdf","link":"https:\/\/tereos.com\/en\/press-releases\/press-release-third-quarter-2022-23-improved-results\/tereos-group-financial-release-q3-2022-23\/","alt":"","author":"1338","description":"","caption":"","name":"tereos-group-financial-release-q3-2022-23","status":"inherit","uploaded_to":16953,"date":"2023-02-22 07:18:39","modified":"2023-02-22 07:18:39","menu_order":0,"mime_type":"application\/pdf","type":"application","subtype":"pdf","icon":"https:\/\/tereos.com\/wp\/wp-includes\/images\/media\/document.png"},"pdf_clone":{"file":{"ID":16954,"id":16954,"title":"tereos-group-financial-release-q3-2022-23","filename":"tereos-group-financial-release-q3-2022-23.pdf","filesize":416846,"url":"https:\/\/www.tereos.com\/app\/uploads\/2023\/02\/tereos-group-financial-release-q3-2022-23.pdf","link":"https:\/\/tereos.com\/en\/press-releases\/press-release-third-quarter-2022-23-improved-results\/tereos-group-financial-release-q3-2022-23\/","alt":"","author":"1338","description":"","caption":"","name":"tereos-group-financial-release-q3-2022-23","status":"inherit","uploaded_to":16953,"date":"2023-02-22 07:18:39","modified":"2023-02-22 07:18:39","menu_order":0,"mime_type":"application\/pdf","type":"application","subtype":"pdf","icon":"https:\/\/tereos.com\/wp\/wp-includes\/images\/media\/document.png"}},"headline":"","headline_clone":{"headline":""},"has_anchors":false,"sections":[{"acf_fc_layout":"rich_text","anchor_title":"","text":"

Improvement across all divisions over the nine-month period<\/strong>
\n(April 2022 \u2013 December 2022)<\/p>\n

\u2022 During the first nine months of the financial year, revenues amounted to \u20ac4,778 million, up 35% compared to the same period in 2021\/22, driven by higher prices across all segments.
\n\u2022 EBITDA of \u20ac769 million over the nine-month period, up 81% compared to the previous year, thanks to the strong performance of our commercial and cost management strategies, notably through our hedging instruments for energy and raw materials.
\n\u2022 EBITDA over a rolling 12-month period maintained the positive trend and reached \u20ac1,027 million on December31, 2022 compared to \u20ac946 million at the end of September 2022. This was driven by a good performance across the Group’s three divisions.
\n\u2022 Recurring EBIT of \u20ac447 million over the nine-month period, compared to \u20ac142 million in 21\/22.
\n\u2022 As anticipated in the Group’s results announcements since Q4 21\/22, the sharp rise in raw materials and energy prices has automatically led to an increase in working capital and thus in the level of net debt as of the third quarter of 2022\/23. For this reason, net debt, which reached \u20ac2,913 million, was up by \u20ac389 million compared to December 31, 2021 and by \u20ac527 million compared to March 31, 2022. As a result, debt leverage is up, at 2.8x, versus 2.4x at the end of September 2022, but improving compared to the leverage of 3.5x reached at the end of March 2022.
\n\u2022 Structural debt \u2013 debt excluding the amount of working capital \u2013 continued to improve and dropped to \u20ac1,357 million at the end of December 2022, an improvement of \u20ac378 million compared to the end of December 2021, of \u20ac321 million compared to March 31, 2022 and of \u20ac151 million compared to the end of September 2022 (H1 22\/23).<\/p>\n"}],"flexible_editorial_clone":{"has_anchors":false,"sections":[{"acf_fc_layout":"rich_text","anchor_title":"","text":"

Improvement across all divisions over the nine-month period<\/strong>
\n(April 2022 \u2013 December 2022)<\/p>\n

\u2022 During the first nine months of the financial year, revenues amounted to \u20ac4,778 million, up 35% compared to the same period in 2021\/22, driven by higher prices across all segments.
\n\u2022 EBITDA of \u20ac769 million over the nine-month period, up 81% compared to the previous year, thanks to the strong performance of our commercial and cost management strategies, notably through our hedging instruments for energy and raw materials.
\n\u2022 EBITDA over a rolling 12-month period maintained the positive trend and reached \u20ac1,027 million on December31, 2022 compared to \u20ac946 million at the end of September 2022. This was driven by a good performance across the Group’s three divisions.
\n\u2022 Recurring EBIT of \u20ac447 million over the nine-month period, compared to \u20ac142 million in 21\/22.
\n\u2022 As anticipated in the Group’s results announcements since Q4 21\/22, the sharp rise in raw materials and energy prices has automatically led to an increase in working capital and thus in the level of net debt as of the third quarter of 2022\/23. For this reason, net debt, which reached \u20ac2,913 million, was up by \u20ac389 million compared to December 31, 2021 and by \u20ac527 million compared to March 31, 2022. As a result, debt leverage is up, at 2.8x, versus 2.4x at the end of September 2022, but improving compared to the leverage of 3.5x reached at the end of March 2022.
\n\u2022 Structural debt \u2013 debt excluding the amount of working capital \u2013 continued to improve and dropped to \u20ac1,357 million at the end of December 2022, an improvement of \u20ac378 million compared to the end of December 2021, of \u20ac321 million compared to March 31, 2022 and of \u20ac151 million compared to the end of September 2022 (H1 22\/23).<\/p>\n"}]}},"yoast_head":"\n[Press release] Third-quarter 2022\/23 : Improved results - Tereos<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tereos.com\/en\/press-releases\/press-release-third-quarter-2022-23-improved-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"[Press release] Third-quarter 2022\/23 : Improved results - Tereos\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tereos.com\/en\/press-releases\/press-release-third-quarter-2022-23-improved-results\/\" \/>\n<meta property=\"og:site_name\" content=\"Tereos\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tereos.com\/en\/press-releases\/press-release-third-quarter-2022-23-improved-results\/\",\"url\":\"https:\/\/tereos.com\/en\/press-releases\/press-release-third-quarter-2022-23-improved-results\/\",\"name\":\"[Press release] Third-quarter 2022\/23 : Improved results - 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