Kojamo at bottom of STOXX 600 after Q1 earnings miss, narrowed FY revenue forecast
08/05/2024 13:27
** Kojamo KOJAMO.HE down 5.8% after Finnish residential
real estate group posts Q1 earnings below expectations and
narrows 2024 revenue forecast
** Reports Q1 adj EBITDA of 51.9 mln euros ($55.8 mln),
missing est of 55.2 mln euros - LSEG
** Kojamo now expects 2024 revenue to be up 4%-7%, compared
with previous forecast of 4%-8% increase
** Stock drops to bottom of STOXX 600 index .STOXX ; if
losses hold, stock on track for worst day since September 2023
($1 = 0.9307 euros)
(Reporting by Jagoda Darlak)
((Jagoda.Darlak@thomsonreuters.com; +48 58 769 65 40))