Brief: Etteplan Specifies Revenue, Oper Profit Guidance For 2024

Etteplan Oyj

08/08/2024 11:05

Aug 8 (Reuters) - Etteplan Oyj  ETTE.HE :
    * ETTEPLAN Q2 2024: THE MARKET SITUATION WEAKENED FURTHER
    * MARKET SITUATION WEAKENED FURTHER IN Q2
    * OUTLOOK 2024: REVENUE IN 2024 IS ESTIMATED TO BE EUR
375-390
(2023: 360.0) MILLION
    * DUE TO DIFFICULT FIRST HALF OF YEAR, WE SPECIFIED OUR
GUIDANCE
TOWARDS LOWER END OF SPECIFIED RANGE
    * STILL EXPECT INVESTMENTS TO START IN LATTER HALF OF YEAR,
BOOSTED BY DECREASING INTEREST RATES, AND WE EXPECT DEMAND
SITUATION TO IMPROVE TO A GOOD LEVEL
    * WE EXPECT DEMAND SITUATION TO IMPROVE TO A GOOD LEVEL
DURING
LATTER PART OF YEAR
    * UNCERTAINTY OF OPERATING ENVIRONMENT, INTEREST RATES
DECREASING
SLOWER THAN EXPECTED AND OUR CUSTOMERS' GENERALLY DECLINING
ORDER BACKLOGS SLOWED OUR CUSTOMERS' DECISION-MAKING ON NEW
INVESTMENTS
    * OUTLOOK 2024: OPERATING PROFIT (EBIT) IN 2024 IS ESTIMATED
TO BE
EUR 28-30 (2023: 25.5) MILLION
    * DEMAND FOR DELIVERY RELATED PROJECT ENGINEERING ALSO
WEAKENED AS
ORDER BACKLOGS DECLINED

Source text for Eikon:  ID:nWkr7CcXJQ 
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