Lecta Ltd Interim Report as at 30 September 2022

Revenue: For the third quarter ended 30 September 2022 Lecta had revenue of €514.6 million versus €342.3 million in the third quarter ended 30 September 2021, an increase of €172.3 million or +50%.

EBITDA increased by €25.9 million, from €8.9 million in 3Q2021 to €34.7 million in 3Q2022. This increase was essentially due to higher sales of paper in volume and higher sales prices, partly offset by higher production cost and higher labor and fixed costs.

Revenue: For the nine months ended 30 September 2022, Lecta had revenue of €1,522.3 million versus €923.8 million in the nine months ended 30 September 2021, an increase of €598.4 million or +64.8%.

EBITDA increased by €126.6 million, from €30.0 million in September 2021 YTD to €156.5 million in September 2022 YTD. This increase was the result of higher sales of paper in volume, and higher sales prices, partly offset by lower margin on variable costs, and higher fixed costs. EBITDA in September 2022 YTD includes the €38.6 m€ compensation received as a consequence of the anticipated termination and renegotiation of gas purchase agreements in Spain with the current supplier.
details at: https://cmspro.lecta.com/DownloadAreaDocuments/LectaLtd_Q3_2022_InterimReport.pdf

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