Brief: Gyldendal Lowers Guidance For 2022

Gyldendal A/S

26/04/2022 07:54

April 26(Reuters) - Gyldendal A/S  GYLDb.CO :
    * SAID ON MONDAY IT LOWERS GUIDANCE FOR YEAR
    * DOWNGRADES EXPECTATIONS FOR NET PROFIT
    * 2022 TURNOVER HAS BEEN LOWER THAN EXPECTED IN BOTH TRADE
AND
EDUCATION, AND RETAIL SALES IN PARTICULAR HAVE DISAPPOINTED
    * AT THE SAME TIME, COMPANY'S FINANCES ARE NEGATIVELY
AFFECTED BY
A CHALLENGING STREAMING MARKET, RISING PAPER AND PRINTING PRICES
AND RESTRUCTURING
    * THE DEVELOPMENT IS NOT SATISFACTORY AND GYLDENDAL WILL
FOCUS ON
MEASURES TO STRENGTHEN PROFITABILITY DURING 2022
    * EXPECTED EBIT FOR 2022 IS THEREFORE REVISED DOWNWARDS BY
DKK 28
MLN
    * EBIT OF DKK 47-62 MILLION IS NOW EXPECTED

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nNDL2SwQv6
 Further company coverage:  GYLDb.CO  

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