Brief: Duell Lowers Outlook And Guidance For 2023

Duell Oyj

20/09/2023 07:07

Sept 20 (Reuters) - Duell Oyj  DUELL.HE :
    * DUELL SPECIFIES AND LOWERS OUTLOOK AND GUIDANCE FOR
FINANCIAL
YEAR 2023, PROVIDES PRELIMINARY FINANCIAL INFORMATION
    * CO HAS REDUCED INVENTORY LEVELS AS PLANNED DURING THE
FINANCIAL
YEAR 2023, WHICH HAS SIGNIFICANTLY LOWERED THE DEBT LEVEL
    * INVENTORY REDUCTION PROGRAMME HAS HAD A POSITIVE IMPACT ON
THE
COMPANY'S CASH FLOW
    * OUTLOOK 2023: ADJUSTED EBITA AT ABOUT EUR 4.5 MILLION (EUR
8.7
MILLION IN FINANCIAL YEAR 2022)
    * NEW OUTLOOK AND GUIDANCE FOR 2023: EXPECTS NET SALES TO BE
APPROXIMATELY EUR 118 MILLION (EUR 124 MILLION IN FINANCIAL YEAR
2022)
    * CONTINUING INFLATION AND OVERALL ECONOMIC ENVIRONMENT HAVE
DECREASED CONSUMER CONFIDENCE
    * IS ADJUSTING ITS OPERATING COSTS TO MEET LOWER THAN
EXPECTED
DEMAND
    * PREVIOUS OUTLOOK FOR 2023: EXPECTS NET SALES TO BE CLOSE
TO
PREVIOUS YEAR’S LEVEL AND ADJUSTED EBITA TO DECREASE FROM THE
PREVIOUS YEAR’S LEVEL IN THE CURRENT FINANCIAL YEAR ENDING 31
AUGUST 2023

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

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