Brief: Enento Group Expects Cost Inflation To Increasingly Burden Profitability Level

Enento Oyj

27/10/2023 09:06

Oct 27 (Reuters) - Enento Group Oyj  ENENTO.HE :
    * GENERAL MACROECONOMIC ENVIRONMENT REMAINS UNCERTAIN AND
UNPREDICTABLE AND IS EXPECTED TO IMPACT NEGATIVELY ON GROWTH
OUTLOOK OF GROUP
    * WEAKENING DEMAND FOR CONSUMER CREDIT INFORMATION SERVICES,
DIRECT-TO-CONSUMER SERVICES AND SERVICES USED FOR SALES AND
MARKETING PURPOSES IS EXPECTED TO NEGATIVELY IMPACT NET SALES
DEVELOPMENT
    * ENENTO EXPECTS INCREASED DEMAND FOR RISK MANAGEMENT AND
COMPLIANCE SERVICES, WHICH TOGETHER WITH INTRODUCTION OF NEW
SERVICES TO PARTIALLY OFFSET DECLINE
    * EXPECTS COST INFLATION TO INCREASINGLY BURDEN
PROFITABILITY
LEVEL
    * GUIDANCE (UPDATED ON 9 OCTOBER 2023)

Source text for Eikon:  ID:nGNE5NG21B 
Further company coverage:  ENENTO.HE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))