Picanol Group - Press releases

Upward revision of 2021 outlook as a result of impact of Tessenderlo Group’s Agro segment

Picanol Group (Euronext: PIC) anticipates the Adjusted EBITDA for 2021 to be approximately 15% higher than the 2020 Adjusted EBITDA (361.7 million EUR). The previous outlook projected the 2021 Adjusted EBITDA to be approximately 10% higher than the 2020 Adjusted EBITDA.

Tessenderlo Group (Euronext: TESB) anticipates the Adjusted EBITDA for 2021 to be approximately 10% higher than the 2020 Adjusted EBITDA (314.6 million EUR). The previous outlook projected the 2021 Adjusted EBITDA to be in line with the 2020 Adjusted EBITDA. This revised outlook for the 2021 financial year reflects the continued favorable market conditions in the Agro segment.

Picanol Group will announce its full results for 2021 on March 24, 2022.

Click here for the full press release.