Brief: Movinn H1 EBITDA From Existing Danish Operations At DKK 4.3 Million

Movinn A/S

31/08/2022 08:51

Aug 31 (Reuters) - Movinn A/S  MOVINN.CO :
    * MOVINN H1 2022 - INTERIM REPORT: 32% TOPLINE GROWTH,
PROFITABLE
GROWTH AND IMPROVED FUNDAMENTAL METRICS
    * IN H1 MOVINN HAS REALIZED REVENUE OF 34 MDKK - UP FROM
25.85
MDKK IN SAME PERIOD LAST YEAR
    * H1 REALIZED EBITDA FROM EXISTING DANISH OPERATIONS WAS
4.33 MDKK
CORRESPONDING TO AN EBITDA-MARGIN OF 12.7%
    * MAINTAINING PREVIOUS GUIDANCE FOR FULL YEAR ON REVENUE AND
EBITDA
    * DUE TO INCREASED DEPRECATIONS, WE ARE ADJUSTING EBIT
GUIDANCE
DOWNWARDS
    * WE ARE ADJUSTING OUR GUIDANCE ON EBIT DUE TO  GREATER
DEPRECIATIONS THAN ANTICIPATED
    * ADJUSTED GUIDANCE ON OPERATING PROFIT (EBIT) IS 4.0 MDKK
AND 6.0
MDKK FOR THE FULL YEAR IN EXISTING  MARKETS (DENMARK)
    * WE EXPECT WE WILL BE INCREASING OUR INVESTMENTS IN 
INVENTORY
FOR H2 2022

Source text for Eikon:  ID:nWkr1lrc34 
Further company coverage:  MOVINN.CO 

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