Viscofan (ES:VIS) has released an update.
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Viscofan reported a 2.5% increase in turnover and an 18.3% rise in EBITDA for the first three quarters of 2024, driven by improved casing volumes and strategic acquisitions in Brazil. Despite a slight dip in net results due to exchange rate issues, the company reduced its net bank debt significantly and completed key strategic milestones, including a factory in Thailand and expanding its product portfolio. Viscofan aims for 6% to 8% EBITDA growth and 8% to 10% net result growth, showcasing strong operational performance amid challenging conditions.
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