Brief: Enersense Writes Down A 6-Meur Receivable Following An Arbitral Tribunal's Decision In Lithuania; Withdraws Its 2024 EBITDA Guidance For Time Being

Enersense International Oyj

29/04/2024 21:54

April 29 (Reuters) - Enersense International Oyj
 ESENSE.HE :
    * INSIDER INFORMATION: ENERSENSE WRITES DOWN A 6-MEUR
RECEIVABLE
FOLLOWING AN ARBITRAL TRIBUNAL'S DECISION IN LITHUANIA, AND
WITHDRAWS ITS 2024 EBITDA GUIDANCE FOR TIME BEING
    * ACCORDING TO DECISION OF ARBITRAL TRIBUNAL, LITGRID IS
OBLIGED
TO PAY TO ENERSENSE APPROXIMATELY EUR 1 MILLION
    * ENERSENSE WRITES DOWN EUR 6 MILLION FROM A EUR-7-MILLION
RECEIVABLE IT HAD RECORDED IN 2022 FINANCIAL STATEMENTS
    * WRITE-DOWN WILL HAVE A CORRESPONDING NEGATIVE IMPACT ON
EBITDA
IN Q2 OF 2024
    * COMPANY'S ESTIMATE ON REVENUE DEVELOPMENT IN 2024 WILL
REMAIN
UNCHANGED
    * COMPANY WILL INVESTIGATE DECISION OF ARBITRAL TRIBUNAL
MORE IN
DETAIL AND ASSESS FURTHER LEGAL MEASURES
    * ENERSENSE INTERNATIONAL - IN 2024, ENERSENSE'S REVENUE IS
EXPECTED TO BE IN RANGE OF EUR 365-435 MILLION AND EBITDA IN
RANGE OF EUR 15-25 MILLION

Source text for Eikon:  ID:nWkr1XJWQ1 
Further company coverage:  ESENSE.HE 

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