Brief: Tecnotree Prospects 2023 Retained

Tecnotree Oyj

27/10/2023 07:27

Oct 27 (Reuters) - Tecnotree Oyj  TEM1V.HE :
    * PROSPECTS 2023 RETAINED AND FURTHER REFINED
    * SEES FY REVENUE TO BE HIGHER BY 9% -13% (EARLIER GUIDANCE
7%
-15%) COMPARED TO 2022
    * SEES FY EBIT TO BE HIGHER BY 15% -20% (EARLIER GUIDANCE
10%-20%)
COMPARED TO 2022
    * SEES FY CASH RECOVERY TO INCREASE BY 12%-14% (EARLIER
GUIDANCE
12%-18%) COMPARED TO 2022
    * COST RATIONALIZATION BY Q4 OF 2023 APPROXIMATELY BY 5%-7%
    * SEES SIGNIFICANT PRESSURES EXPECTED Q4 FROM COST INFLATION
AND
MARGIN EROSIONS

Source text for Eikon:  ID:nWkr9NQ2Pl 
Further company coverage:  TEM1V.HE 

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