Tue 10/10/2023 10:52 AM
French funeral services group OGF got off to a slow start in fiscal 2024, with first-quarter results falling short of budget and free cash flow remaining negative. As a result, net leverage increased, leaving the group headed for a challenging refinancing next year, sources said.
OGF had largely trodden water in its fiscal 2023 ending March 31. Sales increased to €643.2 million from €616.3 million the prior year, but EBITDA was broadly flat at €152.2 million versus €151.2 million the prior...
This article is an example of the content you may receive if you subscribe to a product of Reorg Research, Inc. or one of its affiliates (collectively, “Reorg”). The information contained herein should not be construed as legal, investment, accounting or other professional services advice on any subject. Reorg, its affiliates, officers, directors, partners and employees expressly disclaim all liability in respect to actions taken or not taken based on any or all the contents of this publication. Copyright © 2024 Reorg Research, Inc. All rights reserved.