Brief: Northcoders Sees FY Rev and Profit To Be Significantly Below Current Expectations

Northcoders

19/09/2023 07:45

Sept 19 (Reuters) - Northcoders Group PLC  CODE.L :
    * H1 GROSS PROFIT ROSE 32 PERCENT TO 2.2 MILLION STG
    * H1 REVENUE ROSE 46 PERCENT TO 3.5 MILLION STG
    * H1 ADJUSTED UNDERLYING EBITDA 40,000 STG VERSUS 420,000
STG YEAR
AGO
    * CURRENT FINANCIAL YEAR IS PRESENTING SEVERAL MARKET
CHALLENGES
FOR GROUP'S BUSINESS SOLUTIONS DIVISION
    * FY23 EXPECTED TO BE H2 F WEIGHTED YEAR BUT OUTTURN IS
UNCERTAIN
DUE TO PREVAILING HEADWINDS IN TECHNOLOGY MARKET
    * GROUP NOW EXPECTS REVENUE AND PROFITS FOR YEAR AS A WHOLE
TO BE
SIGNIFICANTLY BELOW CURRENT EXPECTATIONS

Source text for Eikon:  ID:nRSS8387Ma 
Further company coverage:  CODE.L 

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