Brief: Valoe Q1 EBITDA Loss Widens To EUR 0.9 Mln

Valoe Oyj

23/05/2023 13:54

May 23 (Reuters) - Valoe Oyj  VALOE.HE :
    * REG-VALOE CORPORATION BUSINESS REVIEW JANUARY – MARCH 2023
    * IN JANUARY - MARCH 2023, NET SALES OF VALOE GROUP, UNDER
IFRS
STANDARDS, WERE EUR ABOUT 0.4 MILLION (IN 2022 EUR 0.5 MILLION)
    * Q1 EBITDA WAS ABOUT EUR -0.9 MILLION (EUR -0.6 MILLION)
    * IS NEGOTIATING SEVERAL OTHER SUPPLY CONTRACTS.
NEGOTIATIONS ARE
CONTINUING
    * VALOE DOES NOT YET DISCLOSE ANY GUIDANCE FOR 2023
    * ONCE ONGOING NEGOTIATIONS ARE CLOSED, VALOE WILL PUBLISH
MARKET
GUIDANCE ON TURNOVER AND PROFIT FOR 2023
    * OUR BIGGEST CHALLENGE IS STILL FINANCING OF OUR OPERATIONS

Source text for Eikon:  ID:nGNE7k9Gs1 
Further company coverage:  VALOE.HE 

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