Brief: Kojamo Lowers Its Outlook For 2024

Lumo Kodit Oyj

15/07/2024 12:12

July 15 (Reuters) - Kojamo Oyj  KOJAMO.HE :
    * KOJAMO LOWERS ITS OUTLOOK FOR 2024
    * ESTIMATES THAT IN 2024, GROUP'S TOTAL REVENUE WILL
INCREASE BY
2-4 PER CENT YEAR-ON-YEAR
    * ESTIMATES THAT GROUP'S FFO FOR 2024 WILL AMOUNT TO BETWEEN
EUR
142-152 MILLION, EXCLUDING NON-RECURRING COSTS.
    * MARKET SITUATION HAS AN IMPACT ON KOJAMO'S TOTAL REVENUE
GROWTH
AND FFO
    * THERE IS STILL PLENTY OF SUPPLY ON MARKET, AND COMPETITIVE
SITUATION IS TOUGH
    * MARKET SITUATION HAS AN IMPACT ON KOJAMO'S TOTAL REVENUE
GROWTH
AND FFO.
    * FFO IS AFFECTED BY COLD WEATHER AT BEGINNING OF YEAR AS
WELL AS
VAT INCREASE TAKING EFFECT IN SEPTEMBER
    * PRELIM TOTAL REVENUE DURING FIRST HALF OF YEAR 2024 WAS
225.6
(H1 2023: 217.1) MILLION EUROS
    * PRELIM FUNDS FROM OPERATIONS (FFO) DURING FIRST HALF OF
YEAR WAS
68.2 (H1 2023: 80.5) MILLION EUROS

Source text for Eikon:  ID:nWkr2smyBV 
Further company coverage:  KOJAMO.HE 

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