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

Lindex Oyj

10/11/2023 13:45

Nov 10 (Reuters) - Stockmann Oyj Abp  STOCKA.HE :
    * STOCKMANN SPECIFIES 2023 GUIDANCE FOR DEVELOPMENT OF THE
GROUP'S
REVENUE AND INCREASES GUIDANCE FOR ADJUSTED OPERATING RESULT
    * IN 2023, STOCKMANN EXPECTS GROUP'S REVENUE TO BE IN RANGE
OF EUR
940-970 MILLION AND GROUP'S ADJUSTED OPERATING RESULT TO BE EUR
75-90 MILLION, SUBJECT TO FOREIGN EXCHANGE RATE FLUCTUATION
    * GUIDANCE IS BASED ON ASSUMPTION THAT CONTINUING HIGH
INFLATION
WILL INCREASE COSTS FROM 2022 AND HAVE AN ADVERSE IMPACT ON
CONSUMER DEMAND
    * AT SAME TIME, STOCKMANN GROUP CONTINUES TAKING FIRM
MEASURES TO
MINIMISE IMPACTS OF COST INCREASES
    * PREVIOUSLY, STOCKMANN EXPECTED GROUP'S REVENUE TO BE IN
RANGE OF
EUR 940-1,000 MILLION
    * PREVIOUSLY EXPECTED GROUP'S ADJUSTED OPERATING RESULT TO
BE EUR
65-85 MILLION, SUBJECT TO FOREIGN EXCHANGE RATE FLUCTUATION
    * IN LOCAL CURRENCIES, REVENUE IS DEVELOPING IN LINE WITH
GROUP'S
PREVIOUS GUIDANCE UPDATED IN JULY 2023

Source text for Eikon:  ID:nWkr4N9vSq 
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