Brief: Kojamo Outlook For 2023 Total Revenue Will Increase By 7–8%

Lumo Kodit Oyj

02/11/2023 06:26

Nov 2 (Reuters) - Kojamo Oyj  KOJAMO.HE :
    * OUTLOOK: IN 2023, THE GROUP’S TOTAL REVENUE WILL  INCREASE
BY
7–8 PER CENT
    * OUTLOOK: KOJAMO ESTIMATES THAT THE GROUP’S FFO FOR  2023
WILL
AMOUNT TO BETWEEN EUR 162–168 MILLION, EXCLUDING  NON-RECURRING
COSTS
    * OUTLOOK: THE NUMBER  OF NEW RESIDENTIAL START-UPS HAS
COLLAPSED
DURING THIS YEAR, AND  THERE ARE CURRENTLY NO SIGNS OF A
SIGNIFICANT INCREASE IN THE  NUMBER OF START-UPS NEXT YEAR
    * OUTLOOK: THIS WILL BE REFLECTED IN THE ENTIRE HOUSING
MARKET IN
THE NEXT FEW YEARS AS A VERY LOW AMOUNT  OF NEW SUPPLY
    * THE CONTINUATION OF RUSSIA'S WAR OF AGGRESSION IS STILL
REFLECTED  IN THE RECOVERY OF THE WORLD ECONOMY
    * THE RISE IN PRICES HAS AFFECTED KOJAMO'S MAINTENANCE
COSTS,
ESPECIALLY IN THE BEGINNING OF THE YEAR REGARDING  HEATING COSTS
AND ELECTRICITY PRICE
    * THE SHRINKING SUPPLY AND THE CONTINUATION OF URBANIZATION
AND 
IMMIGRATION ARE EXPECTED TO HAVE A POSITIVE EFFECT ON THE RENTAL
 MARKET
    * OUR SAVING PROGRAMME ANNOUNCED IN AUGUST IS PROGRESSING 
ACCORDING TO THE PLAN
    * OUR GOAL IS TO ACHIEVE TOTAL SAVINGS OF  EUR 43 MILLION IN
COSTS
AND INVESTMENTS IN 2024, OF WHICH THE SHARE OF COSTS IS
ESTIMATED TO BE EUR 18 MILLION

Source text for Eikon:  ID:nWkrb4v4DF 
Further company coverage:  KOJAMO.HE 

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