Brief: Honkarakenne Lowers Its Financial Guidance For 2023

Honkarakenne Oyj

01/06/2023 09:38

June 1 (Reuters) - Honkarakenne Oyj  HONBS.HE :
    * REG-INSIDE INFORMATION, PROFIT WARNING: HONKARAKENNE OYJ
LOWERS
ITS FINANCIAL GUIDANCE FOR 2023
    * NET SALES IN 2023 WILL FALL FROM PREVIOUS GUIDANCE AND
REMAIN AT
EUR 47-52 MILLION.
    * GROUP'S OPERATING PROFIT WILL DECREASE AND REMAIN BETWEEN
EUR
-0.5 AND +0.8 MILLION.
    * CONSTRUCTION DOWNTURN IN ALL OF HONKARAKENNE'S AREAS OF
OPERATION HAS A NEGATIVE IMPACT ON COMPANY'S OPERATIONS
    * DIFFICULT MARKET SITUATION IS EXPECTED TO CONTINUE AT
LEAST THIS
YEAR
    * RAPID IMPROVEMENT IN MARKET SITUATION WOULD NO LONGER HAVE
A
SIGNIFICANT IMPACT ON COMPANY'S RESULT FOR 2023.

Source text for Eikon:  ID:nGNE9VTgD9 
Further company coverage:  HONBS.HE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))