Brief: Hexatronic Sees Negative Organic Revenue Growth In H2

Hexatronic AB

22/09/2023 13:37

Sept 22 (Reuters) - Hexatronic Group AB  HTRO.ST :
    * REG-HEXATRONIC PROVIDES A TRADING UPDATE IN LIGHT OF THE
RECENT
SHARE PRICE MOVEMENT
    * FOLLOWING SOFTER MARKET CONDITIONS IN PRIMARILY US AND
GERMANY
CO FORESEES NEGATIVE ORGANIC REVENUE GROWTH DURING THE SECOND
HALF OF 2023
    * EXPECT EBITA MARGIN TO ALIGN WITH OUR FINANCIAL TARGET OF
15-17%
DURING THE SECOND HALF OF 2023
    * MACROECONOMIC SITUATION, WITH HIGH INFLATION AND INTEREST
RATES,
HAS RESULTED IN INCREASED CONSTRUCTION COSTS, CUSTOMERS BECOMING
MORE CAUTIOUS IN MAKING INVESTMENT DECISIONS
    * VIEW OF SIGNIFICANT STRUCTURAL NEED TO EXPAND, STRENGTHEN
COMMUNICATION NETWORKS ACROSS CO'S STRATEGIC MARKETS REMAINS
FIRM IN MID-TERM

Source text for Eikon:  ID:nGNE20NClr 
Further company coverage:  HTRO.ST 

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