Brief: Digitalist Group To Divest Subsidiary, Decreases Guidance

Digitalist Oyj

04/07/2023 07:52

July 4 (Reuters) - Digitalist Group Oyj  DIGIGR.HE :
    * REG-INSIDE INFORMATION: DIGITALIST GROUP REORGANIZES ITS
BUSINESS OPERATIONS AND DECREASES ITS EARLIER GUIDANCE REGARDING
TURNOVER
    * TO DIVEST ITS FULLY-OWNED SUBSIDIARY FUTURELAB & PARTNERS
AB
    * SELLS ALL FUTURELAB SHARES IN DIGITALIST GROUP'S
POSSESSION TO
TURRET OY AB
    * NEW GUIDANCE IS: IN 2023, TURNOVER IS EXPECTED TO DECREASE
AND
EBITDA IS EXPECTED TO IMPROVE IN COMPARISON WITH 2022
    * PREVIOUS GUIDANCE OF COMPANY WAS: IN 2023, TURNOVER AND
EBITDA
ARE EXPECTED TO IMPROVE IN COMPARISON WITH 2022
    * HAS SIGNED FINAL AGREEMENT TO ACQUIRE OPEN COMMUNICATIONS
INTERNATIONAL AB
    * IN SPITE OF POSITIVE REVENUE IMPACT OF OC TRANSACTION,
REVENUE
IMPACT OF SELLING FUTURELAB AND DOWNGRADING EXPECTATIONS
REGARDING OUR OPERATIONS IN CANADA JOINTLY RESULT IN CHANGING
OUR GUIDANCE REGARDING TURNOVER
    * TOTAL CONSIDERATION FOR FULL OC ACQUISITION IS SEK 10,6
MILLION
    * REVENUE EXPECTATIONS FROM NORTH AMERICA ARE LOW FOR
REMAINING OF
2023

Source text for Eikon:  ID:nGNEb5Q2bh 
Further company coverage:  DIGIGR.HE 

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