Brief: Bittium Lowers Its Financial Outlook For 2023

Bittium Oyj

15/09/2023 16:15

Sept 15 (Reuters) - Bittium Oyj  BITTI.HE :
    * INSIDE INFORMATION, PROFIT WARNING: BITTIUM CORPORATION
LOWERS
ITS FINANCIAL OUTLOOK FOR 2023
    * BITTIUM CORPORATION LOWERS ITS FINANCIAL OUTLOOK FOR YEAR
2023
    * NEW OUTLOOK: COMPANY EXPECTS NET SALES IN 2023 TO BE AT
SAME
LEVEL OR LOWER THAN IN PREVIOUS YEAR (EUR 82.5 MILLION IN 2022)
    * NEW OUTLOOK: EXPECTS OPERATING RESULT TO BE LOWER THAN IN
PREVIOUS YEAR (EUR 0.3 MILLION IN 2022)
    * NEW OUTLOOK: CASH FLOW IN 2023 IS EXPECTED TO BE NEGATIVE
    * PREVIOUS OUTLOOK FOR 2023: BITTIUM EXPECTS NET SALES IN
2023 TO
GROW AND OPERATING RESULT TO IMPROVE FROM PREVIOUS YEAR (NET
SALES EUR 82.5 MILLION IN 2022 AND OPERATING RESULT EUR 0.3
MILLION IN 2022)
    * PREVIOUS OUTLOOK FOR 2023: CASH FLOW IN 2023 IS EXPECTED
TO BE
POSITIVE

Source text for Eikon:  ID:nWkr6lt1CP 
Further company coverage:  BITTI.HE 

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