Brief: TCM Group Prelim Q3 Adj EBIT Falls To DKK 21 Mln

TCM A/S

20/10/2022 09:38

Oct 20 (Reuters) - TCM Group A/S  TCM.CO :
    * PRELIM DATA SHOWS TOTAL REVENUE IN Q3 WAS REALIZED
SOMEWHAT
BELOW EXPECTATIONS, WITH EARNINGS BEING SIGNIFICANTLY LOWER THAN
EXPECTED
    * Q3 REVENUE IS EXPECTED TO BE DKK 265 MILLION (DKK 262
MILLION),
AND Q3 RESULT IS EXPECTED TO BE AN ADJUSTED EBIT OF DKK 21
MILLION (DKK 32 MILLION)
    * BASED ON LOWER THAN EXPECTED SALES AND EARNINGS IN Q3 AND
SINCE
UNFAVOURABLE SALES MIX IS ALSO EXPECTED IN Q4, WE ARE LOWERING
OUR GUIDANCE FOR BOTH FY REVENUE, EARNINGS
    * FULL YEAR REVENUE IS EXPECTED TO BE IN RANGE OF DKK
1,120-1,160
MILLION (PREVIOUSLY DKK 1,150-1,225 MILLION)
    * GUIDANCE FOR FULL YEAR ADJUSTED EBIT IS LOWERED TO DKK
100-130
MILLION (PREVIOUSLY DKK 130-160 MILLION)

Source text for Eikon:  ID:nGNE6MD2Yc 
Further company coverage:  TCM.CO 
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