Brief: Enedo H2 EBITDA Loss Widens To EUR 2.0 Mln

Enedo Oyj

18/02/2022 07:48

Feb 18 (Reuters) - Enedo Oyj  ENEDO.HE :
    * REG-ENEDO PLC’S FINANCIAL STATEMENTS RELEASE 1 JANUARY –
31
DECEMBER 2021
    * DECIDED NOT TO GIVE AN ESTIMATE FOR 2022 FINANCIAL
DEVELOPMENT,
    * HAS DECIDED NOT TO GIVE AN ESTIMATE FOR 2022 FINANCIAL
DEVELOPMENT, DUE TO UNCERTAINTIES LINKED TO ANTICIPATED
TURNAROUND ACTIVITIES AND EVOLUTION OF COVID-19 SITUATION.
    * WILL PROPOSE TO ANNUAL GENERAL MEETING ON APRIL 27TH, 2022
THAT
NO DIVIDEND WILL BE DISTRIBUTED.
    * H2 EBITDA EUR -2,0 MILLION (EUR -0,7 MILLION)
    * IS SUBJECT TO RISKS RELATED TO COMPONENT SHORTAGES WHICH
ARE
EXPECTED TO CONTINUE AT LEAST DURING H1 2022
    * H2 NET SALES EUR 18,3 MILLION (EUR 18,8 MILLION)
    * DELIVERY TIMES OF COMPONENTS REQUIRED BY COMPANY ARE
PARTLY LONG
AND THERE MAY BE DIFFICULTIES IN OBTAINING CERTAIN COMPONENTS
FROM TIME TO TIME, WHICH MAY AFFECT DELIVERY CAPACITY
    * COVID-19 HAS ALSO INCREASED LEVEL OF UNCERTAINTY IN EACH
COUNTRY, WHICH MAY AFFECT OUR DELIVERY CAPACITY
    * BOARD OF DIRECTORS WILL PROPOSE TO ANNUAL GENERAL MEETING
ON
APRIL 27TH, 2022 THAT NO DIVIDEND WILL BE DISTRIBUTED.

Source text for Eikon:  ID:nGNE1Gs38D 
Further company coverage:  ENEDO.HE 

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