Brief: Aspocomp Lowers Guidance For 2023

Aspocomp Oyj

27/10/2023 07:19

Oct 27 (Reuters) - Aspocomp Group Oyj  ACG1V.HE :
    * LOWERS ITS GUIDANCE FOR 2023 AND PUBLISHES PRELIMINARY
INFORMATION FOR Q3 AND JANUARY-SEPTEMBER 2023
    * NOW ESTIMATES THAT ITS NET SALES FOR 2023 WILL BE CLEARLY
BELOW
2022 LEVEL
    * OPERATING RESULT FOR 2023 IS EXPECTED TO REMAIN NEGATIVE
    * FINANCIAL GUIDANCE HAS BEEN UPDATED DUE TO
SLOWER-THAN-EXPECTED
RECOVERY OF SEMICONDUCTOR SEGMENT'S CYCLE, AND SLOWDOWN IN
INVESTMENTS IN SEVERAL OF COMPANY'S CUSTOMER SEGMENTS
    * SLOWDOWN IS MAINLY DUE TO RISE IN INTEREST RATES AS WELL
AS HIGH
INVENTORY LEVELS IN DIFFERENT PARTS OF VALUE CHAIN
    * PRELIM Q3 NET SALES ARE EXPECTED TO BE EUR 8.1 MILLION
    * PRELIM Q3 OPERATING RESULT IS EXPECTED TO BE EUR -0.7
MILLION
    * Q3 OPERATING RESULT INCLUDES PLANNING WORK COSTS OF EUR
0.5
MILLION THAT ARE NOT PART OF NORMAL BUSINESS

Source text for Eikon:  ID:nGNE7gwmgg 
Further company coverage:  ACG1V.HE 

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