Brief: Valoe Cuts Market Guidance For 2022

Valoe Oyj

20/12/2022 14:34

Dec 20 (Reuters) - Valoe Oyj  VALOE.HE :
    * PROFIT WARNING: VALOE LOWERS ITS MARKET GUIDANCE FOR 2022
    * IN REVISED GUIDANCE, VALOE EXPECTS VALOE GROUP'S NET SALES FOR FINANCIAL YEAR 2022 WILL
DECREASE, AND LOSS AT EBITDA LEVEL WILL INCREASE COMPARED TO PREVIOUS YEAR
    * NET SALES FOR 2022 IS ESTIMATED TO BE APPROXIMATELY EUR1.2 - 1.4 MILLION
    * LOWERS ITS MARKET GUIDANCE FOR 2022 AFTER BEING INFORMED THAT ORDER FOR MACHINES AND
EQUIPMENT
RELATED TO MASS PRODUCTION CONTRACT VALOE IS NEGOTIATING WITH COMPANY'S SIGNIFICANT CUSTOMER HAS
BEEN POSTPONED BEYOND YEAR-END
    * PREVIOUSLY VALOE EXPECTED VALOE GROUP'S NET SALES FOR FINANCIAL YEAR 2022 TO INCREASE
CLEARLY,
AND LOSS AT EBITDA LEVEL TO DECREASE COMPARED TO PREVIOUS YEAR

Source text for Eikon:  ID:nGNE7gSpzt 
Further company coverage:  VALOE.HE 
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