Brief: Goodbye Kansas Group Announces Updated Outlook
14/11/2023 14:28
Nov 14 (Reuters) - Goodbye Kansas Group AB GBKG.ST :
* GOODBYE KANSAS GROUP ANNOUNCES UPDATED OUTLOOK
* PLANS TO CONTINUE ITS INTERNAL STRUCTURAL WORK TO FURTHER
IMPROVE BUSINESS'S CIRCUMSTANCES
* CONTINUED REDUCTION OF COSTS BY APPROXIMATELY SEK 15
MILLION PER
YEAR AS OF 2024 COMPARED TO 2023
* REDUCTION OF COMPANY'S DEBT OF APPROXIMATELY SEK 100
MILLION
2024 COMPARED TO SEPTEMBER 30, 2023
* EXPECTS 2024 SALES OF SEK 225 - 250 MILLION AND A POSITIVE
EBITDA
* EXPECTS 2025 SALES OF SEK 280 - 310 MILLION AND AN
EBITDA-MARGIN
OF 10 PERCENT
* STRIKES IN HOLLYWOOD HAVE ENDED WHICH NORMALIZES A LARGE
MARKET
FOR COMPANY
* AS FILM AND TV SECTORS NORMALIZE, NEW BUSINESS
OPPORTUNITIES ARE
EXPECTED TO OPEN UP FOR COMPANY
Source text for Eikon: ID:nMFN11lS9W
Further company coverage: GBKG.ST
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com;))