Brief: Gyldendal Lowers 2022 Guidance Due To One-Off Costs

Gyldendal A/S

10/10/2022 08:10

Oct 10 (Reuters) - Gyldendal A/S  GYLDb.CO :
    * LOWERS 2022 GUIDANCE DUE TO ONE-OFF COSTS
    * RESTRUCTURING TO POSITIVELY AFFECT UNDERLYING OPERATION
WITH
ABOUT DKK 40 MILLION ON ANNUAL BASIS
    * BOARD DECIDED TO RESTRUCTURE REMAINING DISTRIBUTION
ACTIVITIES
OF GYLDENDAL FORLAG IN FORM OF BOOK CLUBS
    * OVERALL RESTRUCTURING RESULTS IN IMPROVEMENT IN UNDERLYING
OF
ABOUT DKK 40 MILLION ON ANNUAL BASIS
    * AS A RESULT, CO NOW EXPECTS FOR 2022  POSITIVE EBIT FROM
CONTINUING OPERATIONS OF DKK 20-30 MILLION VERSUS PREVIOUS DKK
-20 TO -10 MILLION
    * BUT ONE-OFF COSTS FOR RESTRUCTURING OF BOOK CLUBS ETC. 
MEANS
THAT EXPECTATIONS FOR TOTAL EBIT FOR 2022 ARE LOWERED TO DKK
35-45 MILLION VERSUS PREVIOUS DKK 50-60 MILLION

Source text for Eikon:  ID:nGNE2XH4XM 
Further company coverage:  GYLDb.CO 
 (Gdansk Newsroom)
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