Brief: Candles Scandinavia Adjusts Financial Goals

Candles Scandinavia AB

15/11/2023 07:13

Nov 15 (Reuters) - Candles Scandinavia AB  CANDLEb.ST :
    * SAID ON TUESDAY ADJUSTS AND CLARIFIES ITS FINANCIAL GOALS
AS A
RESULT OF NEW STRATEGY
    * FOR CURRENT BUSINESS YEAR, TURNOVER IS EXPECTED TO
DECREASE BY
ABOUT 10-15% AS A RESULT OF THE CONVERSION WORK IN THE NEW
STRATEGY
    * HOWEVER COMPANY IS EXPECTED TO MAINTAIN POSITIVE EBITDA
FOR
CURRENT YEAR
    * 2024/25 FINANCIAL TARGET: ANNUAL GROWTH OF 30% WITH A
POSITIVE
EBITDA (MAINTAINED)
    * 2024/25 FINANCIAL TARGET: ACHIEVE AN EBITDA OF 15-17%
WITHIN
THREE YEARS

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nMFNwM3jh
 Further company coverage:  CANDLEb.ST  

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