Brief: Boreo Expects Pressure On Short-Term Performance

Boreo Oyj

10/08/2023 07:18

Aug 10 (Reuters) - Boreo Oyj  BOREO.HE :
    * WE EXPECT PRESSURE ON SHORT-TERM PERFORMANCE, BUT REMAIN
CONFIDENT THAT WE WILL BE ABLE TO CONTINUE ON PATH OF AN ANNUAL
EARNINGS GROWTH OF AT LEAST 15% IN FUTURE
    * WE SEE POTENTIAL TO IMPROVE CAPITAL EFFICIENCY BY
RELEASING
WORKING CAPITAL IN SECOND HALF OF 2023
    * SINCE Q322, WE HAVE SUCCESSFULLY REDUCED WORKING CAPITAL
AND AS
OF Q223 GROUP'S OPERATIVE WORKING CAPITAL AMOUNTED TO
APPROXIMATELY EUR 31 MILLION
    * NORMAL SUSTAINABLE WORKING CAPITAL LEVEL FOR OUR CURRENT
BUSINESSES IS CLOSER TO EUR 25 MILLION

Source text for Eikon:  ID:nGNE4hNgDc 
Further company coverage:  BOREO.HE 

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