Brief: SP Group Provides Trading Update

SP A/S

20/04/2022 07:41

April 20 (Reuters) - SP Group A/S  SPGP.CO :
    * TRADING UPDATE FOR FIRST QUARTER 2022
    * REVENUE WAS UP BY 20.4 % RELATIVE TO Q1 2021 TO DKK 720.1
MILLION, WHICH IS HIGHER THAN MOST RECENTLY ANNOUNCED RANGE OF 5
- 15 % FOR FY 2022
    * HOWEVER, WE ARE EXPECTING A SLOWDOWN OF ECONOMIC GROWTH
DURING
2022
    * Q1 PROFIT BEFORE DEPRECIATION, AMORTISATION AND IMPAIRMENT
LOSSES (EBITDA) WAS UP BY 23.3 % RELATIVE TO Q1 2021 TO DKK
129.7 MILLION
    * Q1 PROFIT BEFORE TAX (EBT) WAS UP BY 22.9 % RELATIVE TO Q1
2021
TO DKK 83.0 MILLION
    * WAR IN UKRAINE, SPREAD OF CORONA VIRUS AND AUTHORITY'S
RESPONSE
TOGETHER WITH BOTTLE NECK ISSUES THAT SEVERAL SUPPLY CHAINS ARE
EXPERIENCING GLOBALLY IMPLY THAT OUR LEVEL OF ACTIVITY AND CASH
FLOWS FOR COMING MONTHS ARE SUBJECT TO CONSIDERABLE UNCERTAINTY.
    * OUTLOOK FOR FY 2022 REMAINS UNCHANGED

Source text for Eikon:  ID:nGNE5V4q5X 
Further company coverage:  SPGP.CO 

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