Brief: Encavis AG Adjusts 2024 Guidance

Encavis AG

08/11/2024 17:19

Nov 8 (Reuters) - ENCAVIS AG  ECVG.DE :
    * CHANGE IN FORECAST
    * 9M DECLINE IN NET OPERATING REVENUE OF AROUND 10% (EUR
-34.5
MILLION) COMPARED TO SAME PERIOD OF PREVIOUS YEAR TO AROUND EUR
321.6 MILLION (PREVIOUS YEAR: EUR 356.1 MILLION)
    * ADJUSTING GUIDANCE FOR CURRENT 2024 FINANCIAL YEAR
    * 9M OPERATING ADJUSTED EBITDA^1)*) FALLS BY AROUND 18% (EUR
-44.8
MILLION) COMPARED TO SAME PERIOD OF PREVIOUS YEAR TO AROUND EUR
201.3 MILLION (PREVIOUS YEAR: EUR 246.1 MILLION)
    * 9M ADJUSTED OPERATINGEBIT^1)*) FALLS BY AROUND 31% (EUR
-49.5
MILLION) COMPARED TO SAME PERIOD OF PREVIOUS YEAR TO AROUND EUR
109.3 MILLION (PREVIOUS YEAR: EUR 158.9 MILLION)
    * 2024 EXPECTS: REVENUE: EUR 425 MILLION (-8%, ORIGINAL
GUIDANCE:
> EUR 460 MILLION)
    * 2024 EXPECTS: EBITDA: EUR 260-270 MILLION (-13%- -10%,
ORIGINALLY: > EUR 300 MILLION)
    * OUTLOOK 2024: EBIT: EUR 135-145M (-23% - -17% ORIGINALLY:
> EUR
175M)
    * EXPECTS 2024: OPERATING CASH FLOW: EUR 225-235 MILLION
(-13% -
-10%, ORIGINALLY: > EUR 260 MILLION)
    * 2024 EXPECTS: OPERATING CASH FLOW PER SHARE: EUR 1.39 -
1.45
(-14% - -10%, ORIGINALLY: EUR 1.62)

Source text:  ID:nEQ1QW3X6a 
Further company coverage:  ECVG.DE 

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