Brief: Etteplan Lowers, Specifies Its Guidance For 2023

Etteplan Oyj

18/09/2023 10:15

Sept 18 (Reuters) - Etteplan Oyj  ETTE.HE :
    * ETTEPLAN RELEASES A PROFIT WARNING AND LOWERS AND
SPECIFIES ITS
GUIDANCE FOR 2023
    * ETTEPLAN IS NOW UPDATING AND SPECIFYING ITS PREVIOUS
ESTIMATE OF
2023 REVENUE AND OPERATING PROFIT (EBIT) DUE TO
WEAKER-THAN-EXPECTED BUSINESS DEVELOPMENT IN Q3
    * NEW GUIDANCE FOR 2023: REVENUE IS ESTIMATED TO BE 355-370
MEUR
    * NEW GUIDANCE FOR 2023: OPERATING PROFIT (EBIT) ESTIMATED
TO BE
26-28.5 MILLION EUROS
    * NEGATIVE DEVELOPMENT OF OUTLOOK IS EFFECTED BY WEAKENING
OF
MARKET SITUATION AND, IN PARTICULAR, CHANGES IN DEMAND OF
CONSUMER PRODUCT MANUFACTURING CUSTOMERS IN TECHNICAL
COMMUNICATION SOLUTIONS SERVICE AREA IN CENTRAL EUROPE
    * PREVIOUS GUIDANCE: IN ITS INTERIM REPORT PUBLISHED ON
AUGUST 10,
2023 ETTEPLAN ESTIMATED ITS REVENUE IN 2023 TO BE EUR 360-380
MILLION
    * PREVIOUS GUIDANCE: OPERATING PROFIT (EBIT) IN 2023 TO BE
EUR
28-31 MILLION

Source text for Eikon:  ID:nWkr2vLsM7 
Further company coverage:  ETTE.HE 

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