Brief: Stockmann Lowers FY23 Revenue Guidance, Increases Adj. Oper Result Guidance

Lindex Oyj

17/07/2023 14:05

July 17 (Reuters) - Stockmann Oyj Abp  STOCKA.HE :
    * INSIDE INFORMATION, PROFIT WARNING: STOCKMANN GROUP LOWERS
ITS
2023 GUIDANCE FOR THE REVENUE DUE TO THE EXCHANGE RATE IMPACTS
AND INCREASES ITS GUIDANCE FOR THE ADJUSTED OPERATING RESULT
    * NOW EXPECTS GROUP'S REVENUE TO BE IN RANGE OF EUR 940-1
000
MILLION IN 2023
    * EXPECTS GROUP'S ADJUSTED OPERATING RESULT TO BE EUR 65-85
MILLION IN 2023
    * IMPACT OF FLUCTUATION OF EXCHANGE RATES HAVE A SIGNIFICANT
IMPACT ON STOCKMANN'S PERFORMANCE
    * WEAK SWEDISH KRONA AND NORWEGIAN KRONE HAVE HAD AN ADVERSE
IMPACT ON REVENUE AND RESULT
    * PREVIOUSLY GUIDANCE: REVENUE OF EUR 960-1 020 MILLION,
ADJUSTED
OPERATING RESULT EUR 60-80 MILLION

Source text for Eikon:  ID:nWkrbH9PGT 
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