Brief: Hydract Cuts Guidance For 2022 And 2023

Hydract A/S

13/10/2022 11:23

Oct 13 (Reuters) - Hydract A/S  HYDRCT.CO :
    * CUTS GUIDANCE FOR 2022 AND 2023
    * SEES 2022 REVENUE IN RANGE OF DKK 1.5 - 2.5 MILLION VERSUS
PREVIOUS GUIDANCE DKK 7-10 MILLION
    * SEES 2022 RESULT BEFORE TAX IN RANGE OF NEGATIVE DKK 12-14
MILLION VERSUS PREVIOUS GUIDANCE NEGATIVE DKK 9.5-10.5 MILLION
    * SEES 2023 REVENUE IN RANGE OF DKK 15–18 MILLION, PRE-TAX
PROFIT
OF DKK (-5) – (-8) MILLION
    * Q3 ORDER INTAKE WAS BELOW EXPECTATIONS
    * WORKS TO SECURE NEW CAPITAL FOR OPERATIONS IN NEXT 12 MTHS
    * AIMS TO SECURE BRIDGE FINANCING BEFORE END OF DEC 2022
    * BRIDGE FINANCING TO SECURE OPERATINGS UNTIL DEC 2023
    * INTENDS TO STRENGHTEN CAPITAL STRUCTURE FURTHER WHEN
MARKET
TURNS MORE POSITIVE, ORDER PIPELINE IMPROVES

Further company coverage:  HYDRCT.CO 
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