Brief: SRV Q2 Operative Operating Result Up At EUR 9.8 Million

SRV Yhtiot Oyj

21/07/2022 06:41

July 21 (Reuters) - SRV Yhtiot Oyj  SRV1V.HE :
    * SRV'S HALF-YEAR FINANCIAL REPORT JANUARY-JUNE 2022:
STRONGER
BALANCE SHEET DUE TO A SUCCESSFUL FINANCING ARRANGEMENT,
OPERATIVE OPERATING PROFIT IMPROVES
    * Q2 REVENUE EUR 211.4 MILLION VERSUS EUR 218.0 MILLION YEAR
AGO
    * Q2 OPERATIVE OPERATING RESULT EUR 9.8 MILLION VERSUS EUR
5.7
MILLION YEAR AGO
    * UPDATED OUTLOOK FOR 2022:CONSOLIDATED REVENUE FOR 2022 IS
EXPECTED TO AMOUNT TO EUR 800-860 MILLION (EARLIER OUTLOOK: EUR
800-950 MILLION) (REVENUE IN 2021: EUR 932.6 MILLION).
    * UPDATED OUTLOOK FOR 2022: OPERATIVE OPERATING PROFIT IS
EXPECTED
TO IMPROVE ON 2021 AND TO BE EUR 15-25 MILLION (EARLIER OUTLOOK:
OPERATIVE OPERATING PROFIT IS EXPECTED TO IMPROVE ON 2021)
(OPERATIVE OPERATING PROFIT IN 2021: EUR 5.3 MILLION).
    * OUR ORDER BACKLOG IS SMALLER THAN IN COMPARISON PERIOD AND
INFLOW OF NEW ORDERS REMAINS MODEST
    * WE DID NOT ACHIEVE GROWTH WE SOUGHT IN
DEVELOPER-CONTRACTED
HOUSING CONSTRUCTION, AS WE PUSHED BACK STARTUP OF SOME OF
PLANNED PROJECTS DUE TO COST INFLATION IN SPRING

Source text for Eikon:  ID:nWkr2rnd7B 
Further company coverage:  SRV1V.HE 

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