Libstar (LBR) 1H23 – Results Snapshot

Diluted of HEPS from continuing operations of 10.5 cps (-58.2% y-y).
Revenue growth +4.0% y-y (1H22: 9.6% y-y).
GPM decreased by 210bps from 22.1% to 20.0%
No Dividend.
Operating margin decreased by 160bps from 4.8% to 3.2%.
PBT % decreased from 3.4% to 1.3%.
Operating expense to sales % decreased to 16.8% (1H22: 17.2%).
Higher raw material, packaging material and production costs could only be partially offset by pricing and mix changes.
A weak consumer environment resulted in a -7.0% y-y volume sales decline.