Brief: Solwers H1 EBITA Down At EUR 3.5 Mln

Solwers Oyj

31/08/2023 06:37

Aug 31 (Reuters) - Solwers Oyj  SOLWERS.HE :
    * RELATIVELY GOOD ORDER BACKLOG OF YEAR SUPPORTS POSITIVE DEVELOPMENT OF REVENUE
    * M&A MARKET HAS REMAINED ACTIVE, AND ACQUISITIONS ARE PLANNED TO CONTINUE FURTHER
    * WEAK SWEDISH KRONA WILL HAVE A NEGATIVE IMPACT ON REPORTED REVENUE.
    * H1 REVENUE WAS EUR 33,194 (32,562) THOUSAND, GROWTH OF 1.9 % VERSUS PREVIOUS YEAR.
    * H1 EBITA WAS EUR 3,536 (3,801) THOUSAND, 10.7 (11.7) % OF REVENUE.
    * REVENUE IS EXPECTED TO GROW AND PROFITABILITY TO REMAIN AT A GOOD LEVEL.
    * DEMAND FOR ENGINEERING AND PROJECT MANAGEMENT WORK RELATED TO ENERGY PRODUCTION, ENERGY
EFFICIENCY AND CIRCULAR ECONOMY PROJECTS IS ALSO EXPECTED TO GROW.

Source text for Eikon:  ID:nWkrb6F1tH 
Further company coverage:  SOLWERS.HE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))