Brief: KH Group Cuts 2024 Guidance

KH Oyj

09/08/2024 07:56

Aug 9 (Reuters) - KH Group Oyj  KHG.HE :
    * KH GROUP PLC LOWERS ITS GUIDANCE FOR 2024
    * FOR Q2 2024, KH GROUP IS EXPECTED TO FALL SHORT OF PRO FORMA FIGURES OF COMPARISON PERIOD.
    * COMPANY ESTIMATES TO REACH PRO FORMA NET SALES OF EUR 340-360 MILLION AND OPERATING PROFIT
OF
EUR 4-7 MILLION IN 2024.
    * LOWER-THAN-EXPECTED NET SALES AND OPERATING PROFIT IN INDOOR GROUP BOTH IN FIRST AND
SECOND HALF
OF YEAR 2024
    * FURNITURE MARKET ENVIRONMENT IS NOT EXPECTED TO IMPROVE DURING SECOND HALF OF 2024

Source text for Eikon:  ID:nGNE9CMtM8 
Further company coverage:  KHG.HE 

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