Brief: Verkkokauppa.Com Says In Light Of Russia-Ukraine Crisis, Co Estimates It's Revenue, Operating Profit Will Fall Short Of Previous Expectations

Verkkokauppa.com Oyj

23/03/2022 20:06

March 23 (Reuters) - Verkkokauppa.com Oyj  VERK.HE :
    * REG-PROFIT WARNING: VERKKOKAUPPA.COM'S CONSUMER BUSINESS
QUIETER
THAN EXPECTEDP; COMPANY LOWERS ITS FINANCIAL GUIDANCE FOR 2022
    * VERKKOKAUPPA.COM- SLOWDOWN IN CONSUMER DEMAND HAS
ACCELERATED
FOLLOWING RUSSIAN MILITARY ATTACK ON UKRAINE,HALVING OF EXPORT
BUSINESS
    * COMPANY EXPECTS 2022 REVENUE TO BE BETWEEN EUR 530-590
MILLION
VERSUS EUR 574.5 MILLION
    * IN LIGHT OF RUSSIA-UKRAINE CRISIS, CO ESTIMATES IT'S
REVENUE,
OPERATING PROFIT WILL FALL SHORT OF PREVIOUS EXPECTATIONS
    * ADJUSTED OPERATING PROFIT (ADJUSTED EBIT) TO BE BETWEEN
EUR
12-19 MILLION (IN 2021: EUR 20.4 MILLION) IN 2022
    * CO EXPECTS 2022 ADJUSTED OPERATING PROFIT (ADJUSTED EBIT)
TO BE
BETWEEN EUR 12-19 MILLION

Source text for Eikon:  ID:nGNE9CG424 
Further company coverage:  VERK.HE 

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