Brief: Hexagon Composites Cuts 2022 EBITDA Guidance

Hexagon Composites ASA

14/10/2022 07:34

Oct 14 (Reuters) - Hexagon Composites ASA  HEX.OL :
    * HEXAGON COMPOSITES ASA: REVISED FULL YEAR GUIDANCE
    * EXPECTED REVENUES WERE STATED BETWEEN NOK 3.7 TO 3.9
BILLION AND
EBITDA TARGET OF AROUND NOK 400 MILLION, WITH DOWNSIDE RISK, FOR
FULL YEAR 2022
    * DEMAND REMAINS ROBUST AND REVENUES FOR 2022, MAINLY
SECURED BY
BACKLOG, ARE EXPECTED TO MEET GUIDED TARGET
    * HOWEVER, WE CONTINUE TO EXPERIENCE EXCEPTIONALLY HIGH
COSTS OF
PRODUCTION WHICH WE ARE UNABLE TO MITIGATE IN SHORT TERM
    * IS ACCORDINGLY ADJUSTING ITS EBITDA GUIDANCE FOR FULL YEAR
2022
TO APPROXIMATELY NOK 325 MILLION
    * HAS INITIATED OTHER PROFITABILITY INITIATIVES TAKING
EFFECT
IMMEDIATELY

Source text for Eikon:  ID:nGNE7vkLFg 
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