Brief: BHG Group Announces Estimated Negative Adjusted EBIT In Q1 Of 2023

BHG AB

21/03/2023 06:35

March 21 (Reuters) - BHG Group AB  BHGF.ST :
    * BHG GROUP ANNOUNCES ESTIMATED NEGATIVE ADJUSTED EBIT IN
THE
FIRST QUARTER OF 2023
    * ANNOUNCE AN ESTIMATED NEGATIVE ADJUSTED EBIT IN RANGE OF
SEK -70
MILLION TO -105 MILLION FOR Q1 OF 2023
    * LIQUIDITY POSITION CONTINUES TO BE STRONG
    * UNCERTAINTY IS HIGH SINCE MARCH HISTORICALLY HAVE
ACCOUNTED FOR
A SIGNIFICANT PART OF EBIT IN Q1
    * WE EXPECTED A CHALLENGING 2023, ESPECIALLY FIRST HALF
    * MARKET HAS BEEN WEAKER THAN WE ANTICIPATED, WITH SOFT
DEMAND AND
HIGH INVENTORY LEVELS PUTTING PRESSURE ON PRICES AND
PROFITABILITY

Source text for Eikon:  ID:nMFNC1L7r 
Further company coverage:  BHGF.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com;))