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22 May
15:42

Cognor to see positive 2018 amid stable market

Poland's Cognor may see another positive year for its operational and financial performance in 2018, following strong first-quarter results, with the market environment expected to remain stable, according to Moody’s. Cognor improved its 2017 adjusted Ebitda and Ebitda margin to PLN 136 million ($37.4m) and 7.6% from PLN 97m and 7% respectively a year earlier, while adjusted gross leverage declined to 4.7x at end-2017. The firm also generated posi…
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