Brief: Ct Automotive Group Says FY23 Revenue Is Expected To Be Not Less Than $140 Mln

CT Automotive

26/01/2024 07:18

Jan 26 (Reuters) - CT Automotive Group PLC  CTA.L :
    * CT AUTOMOTIVE GROUP  - FULL YEAR TRADING UPDATE
    * CT AUTOMOTIVE GROUP PLC - STRONG FY23 PERFORMANCE, WITH
VOLUME
RECOVERY AND MARGIN IMPROVEMENT CONTINUING
    * CT AUTOMOTIVE GROUP PLC - FY23 REVENUE IS EXPECTED TO BE
NOT
LESS THAN $140 MILLION
    * CT AUTOMOTIVE GROUP PLC - GROUP EXPECTS TO REPORT FY23
UNDERLYING PROFIT BEFORE TAX OF C.$8 MILLION
    * CT AUTOMOTIVE GROUP PLC - ENCOURAGED BY HEALTHY ORDER
VOLUMES
AND HAS ENTERED FY24 WITH STRONG VISIBILITY OF BOOKED PRODUCTION
AND TOOLING REVENUE
    * CT AUTOMOTIVE GROUP PLC - BOARD IS CLOSELY MONITORING
SITUATION
IN RED SEA
    * CT AUTOMOTIVE GROUP PLC - TO DATE GROUP HAS NOT
EXPERIENCED ANY
MATERIAL IMPACT DUE TO RED SEA SITUATION
    * CT AUTOMOTIVE GROUP PLC - CONTINUES TO MAINTAIN BUFFER
STOCKS TO
MITIGATE ANY SHORT-TERM DISRUPTION TO SHIPPING TIMES

Source text for Eikon:  ID:nRSZ9765Aa 
Further company coverage:  CTA.L 

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