Brief: SRV Group Lowers Operative Operating Profit Guidance For 2021

SRV Yhtiot Oyj

13/12/2021 12:56

Dec 13 (Reuters) - SRV Yhtiot Oyj  SRV1V.HE :
    * SRV GROUP PLC LOWERS OPERATIVE OPERATING PROFIT GUIDANCE
FOR
2021
    * WEAKENS ITS OUTLOOK AND CHANGES OPERATIVE OPERATING PROFIT
GUIDANCE FOR 2021.
    * EARLIER ISSUED OPERATIVE OPERATING PROFIT GUIDANCE FOR
2021
(16-21 MILLION EUROS) WILL NOT BE MET
    * INCREASED COSTS OF FINALIZING CONSTRUCTION WORKS OF
TAMPERE
ARENA, AND POSTPONEMENT OF DIVESTMENT OF PEARL PLAZA SHOPPING
CENTRE.
    * OPERATIVE OPERATING PROFIT OF YEAR 2021 IS ESTIMATED TO BE
POSITIVE (EARLIER OUTLOOK: 16-21 MILLION EUROS)
    * OUTLOOK CONCERNING REVENUE REMAINS UNCHANGED (900-975
MILLION
EUROS).
    * NEGATIVE IMPACT OF TAMPERE ARENA PROJECT FOR 2021
OPERATIVE
OPERATING PROFIT IS ESTIMATED TO BE CA. -20 MILLION EUROS

Source text for Eikon:  ID:nWkr44DQps 
Further company coverage:  SRV1V.HE 

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