CompuGroup Medical slumps on outlook cut

CompuGroup Medical SE & Co KgaA

28/10/2022 08:40

** Shares of CompuGroup Medical  COP1n.DE  drop 8.7% after
the German medical software company cut FY outlook due to
project postponements into 2023
    ** The company now expects adjusted EBITDA of 220-240
million euros and free cash flow of 40-70 million euros vs
previous forecast of 240-260 million and over 100 million,
respectively
    ** "We expect a strong negative share price reaction, as
management confirmed FY guidance during the September CMD,"
Jefferies says
    ** Baader Helvea expresses no concerns about the guidance
cut, but says it will likely be taken as a negative by the
market
($1 = 1.0051 euros)
 (Reporting by Anastasiia Kozlova)
 ((Anastasiia.Kozlova@thomsonreuters.com))