Brief: Kin And Carta PLC Says Number Of External Factors Have Combined To Reduce Expectations For Year

Kin and Carta

26/05/2023 07:18

May 26 (Reuters) - Kin and Carta PLC  KCT.L :
    * KIN AND CARTA PLC  - TRADING UPDATE
    * KIN AND CARTA PLC - NUMBER OF EXTERNAL FACTORS HAVE
COMBINED TO
REDUCE OUR EXPECTATIONS FOR YEAR
    * KIN AND CARTA PLC - MARKET IS EVEN MORE CAUTIOUS THAN WE
EXPECTED
    * KIN AND CARTA PLC - FY23 NET REVENUE GROWTH IS EXPECTED TO
BE
FLAT TO +2% OVER FY22 (LIKE-FOR-LIKE GROWTH C. -11%)
    * KIN AND CARTA PLC - H2 ADJUSTED OPERATING MARGIN IS
EXPECTED TO
IMPROVE OVER H1
    * KIN AND CARTA PLC - FY23 ADJUSTED OPERATING MARGIN IS
EXPECTED
TO BE C.8-9% WITH ADJUSTED EBITDA MARGIN C. 10-11%
    * KIN AND CARTA- NET REVENUE STABILISED IN Q3 WITH CONTINUED
SEQUENTIAL GROWTH EXPECTED IN Q4, ALBEIT AT SLOWER RATE THAN WE
HAD PREVIOUSLY FORECAST

Source text for Eikon:  ID:nRSZ7371Aa 
Further company coverage:  KCT.L 

 ((Reuters.Briefs@thomsonreuters.com;))