Gabriel Holding A/S adjusts its expectations downwardly for the 2022/23 financial year
23 Agosto 2023 - 5:29AM
Gabriel Holding A/S adjusts its expectations downwardly for the
2022/23 financial year
After three quarters of the financial year 2022/23, revenue of
DKK 715.2 million (DKK 812.7 million) and primary profit (EBIT)
amounted to DKK 18.2 million (DKK 60.1 million).
A short-term order horizon and major
fluctuations in market conditions have been general features of the
financial year which have made it particularly difficult to
formulate accurate expectations. The Group’s expectations for the
full financial year 2022/23 were thus adjusted on 23 June because
revenue was at the lower end of the previously announced range of
expectations and the Group’s operating profit was negatively
affected by a decrease in the level of activity. This meant a
relative decrease in productivity in the short term.
After an additional two months’ trading, the
Group’s expectations are adjusted downwardly to revenue of the
order of DKK 930-940 million and operating profit (EBIT) of the
order of DKK 17-19 million. The previous guidance was revenue in
the range of DKK 950-975 million and a primary profit (EBIT) of DKK
20-30 million.
The outlook for the year is still subject to a
high degree of uncertainty.
- Gabriel Holding AS - Announcement no 6 - expectations for the
2022_23 financial year
Gabriel Holding A/s (LSE:0HY9)
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Gabriel Holding A/s (LSE:0HY9)
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