Source: www.gulfoilandgas.com 8/13/2024, Location: Europe
Merus Power lowers its guidance on operating margin (EBITDA) for 2024 and maintains its net sales forecast. The company still expects its 2024 net sales to increase. The company changes its EBITDA guidance and expects EBITDA to decrease in 2024 compared to the previous year. The EBITDA is expected to be negative by 0-1 million euros.
The EBITDA forecast is lowered due to the delay of a significant total responsibility project and the related costs that will weigh on the 2024 EBITDA.
New guidance for 2024
Merus Power expects its net sales to increase and its EBITDA to decrease compared to the previous year. The EBITDA is expected to be negative by 0-1 million euros.
Previous guidance for 2024 (published 8/02/2024, republished 19/06/2024)
Merus Power estimates that net sales and EBITDA will increase compared to 2023.
Half-year Report
Merus Power Plc’s half-year report will be published on 22 August 2024. A press conference for investors and analysts will be held on the same day at 10.30 a.m., with an opportunity for questions. Details of the press conference will be published on Merus Power Plc’s website at https://sijoittajat.meruspower.fi/en/for-investors/investor-calendar/.
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