Brief: Kreate Revises Guidance FY 2023 After Profit Warning

Kreate Oyj

06/07/2023 10:53

July 6 (Reuters) - Kreate Group Oyj  KREATE.HE :
    * PROFIT WARNING: KREATE GROUP’S REVENUE ESTIMATED AT EUR
300–325
MILLION AND EBITA EUR 7.0–8.5 MILLION FOR 2023
    * STRONG ORDER BACKLOG AND THE PLANNED AND PARTLY FASTER
THAN
EXPECTED EXECUTION OF PROJECTS HAVE INCREASED KREATE'S REVENUE
IN THE FIRST HALF OF THE YEAR
    * SAME TREND IS EXPECTED TO CONTINUE IN THE SECOND HALF OF
THE
YEAR, LEADING TO A HIGHER LEVEL OF REVENUE THAN PREVIOUSLY
ESTIMATED
    * PREVIOUS GUIDANCE FOR 2023 (PUBLISHED ON 31 JANUARY 2023)
KREATE
ESTIMATES THAT ITS REVENUE WILL REMAIN AT THE 2022 LEVEL (2022:
EUR 273.9 MILLION) AND EBITA (2022: EUR 8.8 MILLION) WILL
INCREASE COMPARED TO 2022

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Further company coverage:  KREATE.HE 

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