Brief: Park Street

Park Street A/S

26/08/2022 13:07

Aug 26 (Reuters) - Park Street A/S  PARKSTa.CO :
    * INTERIM FINANCIAL REPORT, 1ST HALF OF 2022
    * IN FIRST HALF OF 2022 PARK STREET ACHIEVED EBVAT (EARNINGS
BEFORE VALUE ADJUSTMENTS AND TAX) OF DKK 23.3 MILLION (2021: DKK
33.1 MILLION)
    * EBVAT EXPECTATIONS ARE REFINED TO A LOWER RANGE OF DKK 50
TO DKK
55 MILLION COMPARED TO AN EARLIER GUIDANCE OF DKK 60 MILLION
    * CHANGE IS IN VIEW OF LOWER NUMBER OF ASSETS, DUE TO SALES,
AND
LONGER LEAD TIME FOR NEW LEASES TO BE OPERATIONAL IN VIEW OF
SIGNIFICANT REFURBISHMENT WORKS FOR NEW LEASES
    * H1 NET SALES WERE UNCHANGED AT DKK 76.9 MILLION AND
REDUCTION IN
EBVAT WAS PRIMARILY DRIVEN BY AN INCREASE IN EXPENSES ASSOCIATED
WITH CLOSING A NEW LONG TERM DEBT FACILITY IN Q4 2021

Source text for Eikon:  ID:nGNE6f9mpd 
Further company coverage:  PARKSTa.CO 

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