Brief: Volue ASA Says Following Arbitration Proceeding In Oslo, Volue Is Required To Pay Settlement To A Counterpart, Impacting Q4 Financial Results

Volue ASA

18/11/2023 15:57

Nov 18 (Reuters) - Volue ASA  VOLUE.OL :
    * VOLUE ASA - FOLLOWING ARBITRATION PROCEEDING IN OSLO,
VOLUE IS
REQUIRED TO PAY SETTLEMENT TO A COUNTERPART, IMPACTING Q4
FINANCIAL RESULTS
    * VOLUE ASA - EXPECT A ONE-OFF COST NEGATIVELY IMPACTING Q4
2023
PERFORMANCE IN RANGE OF NOK 24-44 MILLION, DEPENDING ON OUTCOME
OF INSURANCE CLAIMS
    * VOLUE ASA - IMPACT WILL AFFECT VOLUE'S ABILITY TO DELIVER
ON
GUIDANCE CONCERNING INCREASED ADJUSTED EBITDA FOR 2023
    * VOLUE ASA - EXCLUDING SETTLEMENT, GUIDANCE OF YEAR-ON-YEAR
IMPROVEMENTS IN ADJUSTED EBITDA STILL STANDS AND IS VALID GOING
INTO 2024

Source text for Eikon:  ID:nObiMWrsHa 
Further company coverage:  VOLUE.OL 

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