Desenio Group slumps on withdrawn guidance, drop in profit

Desenio AB (publ)

27/10/2021 09:59

** Desenio Group  DSNO.ST  shares tumble about 18% after the
Swedish wall decoration maker has withdrawn its FY financial
guidance on the back of about a 47% drop in Q3 adj. EBITDA 
 urn:newsml:reuters.com:*:nRSD57wJYW
    ** The firm, which said it had to withdraw its outlook due
to unpredictable customer behaviour that characterized the
market during the autumn, remains committed to deliver on Q4
expectations
    ** Q3 adjusted EBITA drop to SEK 29.2 million
    ** Desenio had cut its outlook in July citing the ease of
the COVID-induced restrictions  urn:newsml:reuters.com:*:nL5N2OK1PZ
    ** This session's drop wipes out year-to-date gains
    

 (Agnieszka Gosciak)
 ((agnieszka.gosciak@thomsonreuters.com))