Brief: Modulight Sees 2023 Revenue, Result To Develop Weaker Than Expected

Modulight Oyj

02/01/2024 06:47

Jan 2 (Reuters) - Modulight oyj  MODUL.HE :
    * SAID ON SUNDAY  HAS NOT GIVEN REVENUE GUIDANCE FOR THE
YEAR
2023, BUT REVENUE AND RESULT HAVE DEVELOPED WEAKER THAN THE
PREVIOUS INTERNAL ESTIMATE
    * COMPANY REVENUE IS ESTIMATED TO BE AROUND 4.0 MILLION
EUROS IN
2023 (EUR 4.6 MILLION IN 2022)
    * REVENUE HAS DEVELOPED WEAKER THAN ESTIMATED, AS SOME OF
THE
PROJECTS CLOSE TO THE COMMERCIALIZATION PHASE HAVE BEEN DELAYED
    * MORE REVENUE FROM THESE IS EXPECTED ONLY IN 2024

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nMFN8GPnDh
 Further company coverage:  MODUL.HE  

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