Brief: Enedo Reduces Estimates For 2020

Enedo Oyj

15/10/2020 07:58

Oct 15 (Reuters) - Enedo Oyj  ENEDO.HE :
    * REG-ENEDO PLC REDUCES THE ESTIMATE OF THE FINANCIAL
DEVELOPMENT
FOR 2020
    * BASED ON LATEST OUTLOOK FOR SALES DEVELOPMENT ESPECIALLY
IN US
MARKET FOR REST OF YEAR 2020, ENEDO PLC REDUCES FULL YEAR 2020
NET SALES AND PROFIT ESTIMATES.
    * COMPANY ESTIMATES THAT NET SALES OF CONTINUING OPERATIONS
IN
2020 WILL BE EUR 37-41 MILLION
    * COMPANY WILL NOT GIVE GUIDANCE OF FINANCIAL DEVELOPMENT
FOR 2021
DUE TO INCREASED UNCERTAINTIES.
    * EBITDA FOR 2020 (ADJUSTED FOR ITEMS AFFECTING
COMPARABILITY) IS
ESTIMATED AT EUR -0,7 - +0,7 MILLION
    * IN H1  FINANCIAL REPORT ON AUGUST 13 REPORTED ON
UNCERTAINTY IN
DEVELOPMENT OF US MARKET
    * WE DO NOT BELIEVE THAT THIS DEVELOPMENT WILL END DURING
REST OF
2020.
    * 2020 OPERATING PROFIT (ADJUSTED FOR ITEMS AFFECTING
COMPARABILITY) EXPECTED AT NEGATIVE EUR 3,1 - 4,3 MILLION

Source text for Eikon:  ID:nGNEc6G8fg 
Further company coverage:  ENEDO.HE 

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