Brief: Siili Solutions Cuts FY EBITDA Guidance To Range Of EUR 8.3-11.8 Mln

Siili Solutions Oyj

13/07/2023 10:10

July 13 (Reuters) - Siili Solutions Oyj  SIILI.HE :
    * INSIDE INFORMATION, PROFIT WARNING: SIILI SOLUTIONS PLC
LOWERS
ITS FINANCIAL GUIDANCE FOR 2023 GROUP REVENUE AND EBITA
    * LOWERS ITS FINANCIAL GUIDANCE FOR 2023 DUE TO SLOWDOWN IN
REVENUE GROWTH RATE AND GENERAL COST INFLATION DURING CURRENT
YEAR
    * COMPANY EXPECTS NOW GROUP REVENUE FOR 2023 TO BE EUR
120-140
MILLION AND EBITA EUR 8.3-11.8 MILLION
    * PREVIOUS GUIDANCE FOR CURRENT YEAR'S GROUP REVENUE WAS EUR
125-145 MILLION AND EBITA EUR 12-15.5 MILLION
    * PRICE COMPETITION IN MARKET HAS INCREASED, WHICH MAKES IT
MORE
DIFFICULT TO TRANSFER INFLATION-BASED COSTS TO CUSTOMER PRICES

Source text for Eikon:  ID:nGNE3gWXC7 
Further company coverage:  SIILI.HE 

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