Brief: Martela Cuts 2024 Guidance

Martela Oyj

11/12/2024 08:46

Dec 11 (Reuters) - Martela Oyj  MARAS.HE :
    * WEAKENS ITS GUIDANCE FOR REVENUE AND PROFIT FOR 2024
    * EXPECTS 2024 REVENUE TO REACH EUR 85-89 MILLION
    * EXPECTS 2024 OPERATING LOSS OF EUR 3.8-6.1 MILLION
    * PREVIOUS GUIDANCE FOR 2024 REVENUE WAS EUR 91-97 MILLION
    * SEES MORE POSITIVE OUTLOOK FOR EARLY 2025
    * REPORTS STRONG ORDER INTAKE GROWTH IN CURRENT QUARTER
    * REALISATION OF INCREASE IN ORDER INTAKE INTO REVENUE INCREASE SHALL TAKE PLACE LATER THAN
PREVIOUSLY EXPECTED
    * A SIGNIFICANT PART OF DELIVERIES PLANNED FOR REST OF YEAR WILL BE POSTPONED UNTIL
BEGINNING OF
NEXT YEAR
    * Q4 RESULT WILL BE WEAKEN DOWN ESPECIALLY BY DELIVERIES OF FEW PROJECTS AND PRODUCT
FAMILIES WITH
LOW MARGINS

Source text:  ID:nGNEbbL2SV 
Further company coverage:  MARAS.HE 

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