Brief: Euroapi Full-Year 2023 Outlook Revised Downwards

Euroapi SA

09/10/2023 16:54

Oct 9 (Reuters) - Euroapi SAS  EAPI.PA :
    * FULL-YEAR 2023 OUTLOOK REVISED DOWNWARDS
    * OUTLOOK 2023: NET SALES ARE NOW EXPECTED TO GROW BETWEEN
+3% AND
+5%, COMPARED TO +7% TO +8% PREVIOUSLY
    * OUTLOOK 2023: CORE EBITDA MARGIN IS NOW EXPECTED TO STAND
BETWEEN 9% TO 11%, COMPARED TO 12.5% TO 13.5% PREVIOUSLY
    * OUTLOOK 2023: CAPEX GUIDANCE REMAINS UNCHANGED BETWEEN EUR
120
MILLION AND EUR 130 MILLION
    * 2023-2026 MID-TERM PERSPECTIVES COMMUNICATED IN MARCH 2023
ARE
SUSPENDED
    * INTENDS TO PROVIDE FURTHER INFORMATION ON OUTCOME OF
STRATEGIC
REVIEW ON FEBRUARY 29TH 2024 AT LATEST (FULL-YEAR 23 RESULTS
PUBLICATION)
    * NET SALES ARE EXPECTED TO GROW AT A SLOWER PACE THAN
ANTICIPATED
DUE TO WEAKER SALES RECOGNITION THAN EXPECTED IN Q4

Source text for Eikon:  urn:newsml:reuters.com:*:nBw4kS0KHa
Further company coverage:  EAPI.PA 

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