Componenta Corporation, Inside information, on 25 October 2022 at 9.05 a.m. EEST
Inside information: Componenta raises its net sales guidance for 2022. Componenta expects the net sales of continued operations in 2022 to be EUR 105–110 million. EBITDA is expected to improve from the previous year. In 2021, net sales from continued operations were EUR 87,3 million and EBITDA EUR 5.0 million.
Potential poor availability of raw materials, increases in the prices of raw materials and electrical energy, the general economic situation and competitive climate, and the development of customers’ sales volumes may affect business outlooks. Due to the crisis in Ukraine and the COVID-19 pandemic, the development of sales and profitability involves uncertainties and poor predictability. An unfavourable development of the geopolitical situation related to Russia and Ukraine can have a negative impact on the financial market, sales volumes, the availability and price development of raw materials and energy and the availability of foreign labour, which increases uncertainty in terms of forecasts.
Previous guidance for 2022 (published in the half-year financial report on 22 July 2022)
Componenta expects the Group’s net sales to be EUR 90–105 million in 2022. EBITDA is expected to improve from the previous year. The Group’s net sales in 2021 were EUR 87.3 million, and its EBITDA was EUR 5.0 million.
Potential poor availability of raw materials, increases in the prices of raw materials and energy, the general economic situation and competitive climate, and the development of customers’ sales volumes may affect business outlooks. Due to the COVID-19 pandemic and the crisis in Ukraine, the development of sales and profitability involves uncertainties and poor predictability. An unfavourable development of the geopolitical situation related to Russia and Ukraine can have a negative impact on the financial market, sales volumes, the availability and price development of raw materials and energy and the availability of foreign labour, which increases uncertainty in terms of forecasts.
President and CEO Sami Sivuranta:
”In connection with the half-year financial report, we told that the first part of 2022 met our expectations and proceeded in line with our growth strategy. Our net sales, EBITDA and market share continued to grow. The exceptional price development of raw materials, materials and electrical energy have increased our sales prices. Despite the uncertainties related to the operational environment, we estimate that the strong first part of the year and the current outlook for the latter part of the year gives us a good basis for the growth in net sales and EBITDA in 2022.”
Componenta publishes its business review for January–September 2022 on Friday 4 November 2022.
COMPONENTA CORPORATION
Sami Sivuranta
President and CEO
For further information, please contact:
Sami Sivuranta, President and CEO, tel. +358 10 403 2200
Marko Karppinen, CFO, tel. +358 10 403 2101
Distribution:
NASDAQ Helsinki
Main media
www.componenta.com
Componenta Corporation is an international technology company and Finland's leading contract manufacturer in the machine building industry. Sustainability and customer needs are at the core of the company’s broad technology portfolio. Componenta Corporation manufactures components for its customers, which are global manufacturers of machinery and equipment. The company’s stock is listed on Nasdaq Helsinki. www.componenta.com