Brief: Interroll Improves 2022 Outlook For Sales And Lowers Expectations For Order Intake And Operating Result

Interroll Holding AG

22/06/2022 05:36

June 22 (Reuters) - INTERROLL HOLDING AG  INRN.S :
    * IMPROVED OUTLOOK FOR SALES, LOWERED EXPECTATIONS FOR ORDER
INTAKE AND OPERATING RESULT
    * PRICE INCREASES IMPLEMENTED IN 2021 WILL ALSO HAVE A
DELAYED
EFFECT DUE TO CONTINUING HIGH ORDER BACKLOG
    * OPERATING RESULT ANNOUNCED FOR FIRST HALF OF 2022 ON
OCCASION OF
PUBLICATION OF 2021 ANNUAL RESULTS ON MARCH 18, 2022 WILL
THEREFORE BE LOWER THAN IN SECOND HALF OF 2021
    * IS CURRENTLY REFRAINING FROM PROVIDING AN OUTLOOK FOR FULL
2022
FINANCIAL YEAR
    * WITH A GOOD START TO 2022 FINANCIAL YEAR, INTERROLL HAD
INITIALLY ASSUMED A FURTHER RECOVERY TREND IN MARKETS FOLLOWING
COVID-19 PANDEMIC AND INCREASINGLY IMPROVED AVAILABILITY OF
MATERIALS
    * SUPPLY CHAIN SITUATION AGAIN DETERIORATED IN Q2 OF 2022,
RELATED
IN PART TO STRICT COVID-19 LOCKDOWN IN CHINA
    * IN THIS CONTEXT AND DUE TO WAR IN UKRAINE, INTERROLL ALSO
NOTED
A NUMBER OF PROJECT POSTPONEMENTS BY CUSTOMERS AND END USERS
    * IT SHOULD BE EMPHASIZED THAT, WITH A VERY HIGH ORDER
BACKLOG,
PROJECT CANCELLATIONS FOR INTERROLL HAVE SO FAR OCCURRED ONLY TO
A VERY LIMITED EXTENT

Source text for Eikon:  ID:nEQHx4Rya 
Further company coverage:  INRN.S 

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