Tessenderlo Group, Brussels, said on June 22 that it anticipates adjusted EBITDA for 2022 to be approximately 10% higher than the 2021 adjusted EBITDA (€354.2 million). The previous outlook projected the 2022 adjusted EBITDA to be in line with the 2021 adjusted EBITDA.
The company said the revised outlook reflects the strong first half of the year thanks to better than expected market conditions in the Agro segment, improved margins of a number of products within the Bio-valorization segment, and favorable market conditions in the Industrial Solutions segment. However, the company emphasized that it currently operates in a volatile geopolitical, economic, financial, and health environment.
Tessenderlo will announce its results for the first half of 2022 on Aug. 25, 2022.