Brief: Titon Holdings Expects FY Results To Be Lower Than Previously Anticipated

Titon Holdings

19/05/2023 07:15

May 19 (Reuters) - Titon Holdings PLC  TITN.L :
    * HY GROUP NET REVENUE UP 5.2% DUE TO STRONGER TRADING IN UK
AND
EUROPE, WHICH WAS SLIGHTLY AHEAD OF BOARD'S EXPECTATIONS
    * GROUP ANTICIPATES THAT H2 REVENUES FROM UK AND EUROPE WILL
BE
SLIGHTLY LOWER THAN H1
    * ON A FULL YEAR BASIS, WE CONTINUE TO EXPECT TRADING AT OUR
UK
AND EUROPEAN BUSINESSES TO BE IN LINE WITH OUR PRIOR
EXPECTATIONS
    * IN SOUTH KOREA WE ANTICIPATE THAT TRADING CONDITIONS WILL
REMAIN
DIFFICULT AND WE EXPECT THAT LOSSES WILL CONTINUE IN H2
    * ANTICIPATE THAT GROUP'S FULL YEAR RESULTS WILL BE LOWER
THAN
PREVIOUSLY EXPECTED

Source text for Eikon:  ID:nRSS9417Za 
Further company coverage:  TITN.L 

 ((Reuters.Briefs@thomsonreuters.com;))