Brief: Consti Q3 EBITDA Falls To EUR 4.4 Million

Consti Oyj

25/10/2024 07:19

Oct 25 (Reuters) - Consti Oyj  CONSTI.HE :
    * Q3 REVENUE FELL 4.3% TO EUR 86 MILLION VERSUS  EUR 89.9
MILLION
YEAR AGO
    * Q3 EBITDA EUR 4.4 MILLION VERSUS 5.7 MILLION YEAR AGO WITH
EBITDA MARGIN OF 5.1%
    * PIPELINE RENOVATION, INCREASE IN HEATING COSTS AND GREEN
TRANSITION CONTRIBUTE TO GROWTH IN BUILDING TECHNOLOGY MARKET
    * RISING COST OF ENERGY AND CARBON NEUTRALITY GOALS HAVE
INCREASED
INTEREST IN SEPARATE ENERGY RENOVATION
    * EXPECTS DEMAND FOR RENOVATION AND BUILDING TECHNOLOGY
SERVICES
TO WEAKEN IN 2024
    * DEMAND FOR CONSTRUCTION IS WEAKENED BY HIGH CONSTRUCTION
COSTS,
INTEREST RATES, TIGHTER AVAILABILITY OF FINANCING
    * AIMS TO CONTINUE SOLID PERFORMANCE SUPPORTED BY A HEALTHY
ORDER
BACKLOG DURING THE REST OF THE YEAR 2024

Source text for Eikon:  ID: 
Further company coverage:  CONSTI.HE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))