Springer Nature rises on FY guidance hike
BUZZ-Springer Nature rises on FY guidance hike ** Shares in Springer Nature SPGG.DE rise around 5% in pre-market indications after the German publishing company raised its FY guidance, helped by a strong H1 momentum
** Springer now expects FY underlying revenue growth around 6% (prev.: 5%-6%)
** The company also expects FY adjusted operating profit margin improvement of at least 30 bps (prev.: around 30 bps)
** "More optimistic guidance positive for shares," a local trader says
** The stock is seen at the top of Germany's small-cap index .SDAXI
(Reporting by Ozan Ergenay)
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Springer Nature rises on FY guidance hike