Brief: Pihlajalinna Lowers 2022 EBITA Guidance

Pihlajalinna Oyj

21/11/2022 06:10

Nov 21 (Reuters) - Pihlajalinna Oyj  PIHLIS.HE :
    * PROFIT WARNING: PIHLAJALINNA REVISES GUIDANCE FOR 2022
    * NOW SEES FY CONSOLIDATED REVENUE TO INCREASE SUBSTANTIALLY
FROM
PREVIOUS YEAR (IN 2021: EUR 577.8 MILLION)
    * NEW GUIDANCE: FULL YEAR ADJUSTED EBITA IS EXPECTED TO
DECREASE
FROM 2021 LEVEL (IN 2021: EUR 37.3 MILLION)
    * PREVIOUS GUIDANCE: FULL YEAR CONSOLIDATED REVENUE IS
EXPECTED TO
INCREASE SUBSTANTIALLY
    * PREVIOUS GUIDANCE: EBITA IS EXPECTED TO BE ON A PAR WITH
2021
    * EXPANSION OF SERVICE NETWORK, SUPPLY GROWTH, LOWER DEMAND
OF
COVID-19 SERVICES Y/Y, HIGH EMPLOYEE EXPENSES INCLUDING SICK
LEAVES DUE TO COVID-19 PANDEMIC HAS BURDENED PROFITABILITY
    * BUSINESS ARRANGEMENTS SYNERGIES HAVE BEEN DELAYED

Source text for Eikon:  ID:nWkr1XHPbF 
Further company coverage:  PIHLIS.HE 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))