Inside Information, profit warning: Aspocomp lowers its guidance for 2023
17 Luglio 2023 - 7:10AM
Inside Information, profit warning: Aspocomp lowers its guidance
for 2023
Aspocomp Group Plc, Inside Information, July 17, 2023, at 8:10
a.m. (Finnish time)
Aspocomp Group Oyj lowers the financial guidance it gave on
March 16, 2023, for the year 2023. Aspocomp estimates now, that its
net sales for 2023 will be below the 2022 level. The operating
result is estimated to be clearly below the 2022 level. In 2022,
net sales amounted to EUR 39.1 million and the operating result to
EUR 4.5 million. In its previous outlook for 2023 (Financial
Statement Release 2022, on March 16, 2023), Aspocomp estimated that
its net sales for 2023 would increase from 2022 and its operating
result for 2023 would be at the same level as in 2022. In 2022, net
sales amounted to EUR 39.1 million and the operating result to EUR
4.5 million. Reasoning for the updated financial guidance:
The updating of the financial guidance is due to the
slower-than-expected recovery of the Semiconductor segment's cycle
and high inventory levels in different parts of Aspocomp’s value
chain. Previously, Aspocomp estimated that the cycle of the
Semiconductor Industry would return to growth in the second half of
2023. According to the updated estimate, the turnaround will take
place about a quarter or two slower than expected, i.e., at the end
of 2023 or the beginning of 2024. A temporary slowdown in the
semiconductor cycle is typical for the industry. The industry's
long-term growth prospects are still strong. In addition, inflation
and interest rates, the risk of recession and the uncertainties
posed by Russia’s war of aggression continue to affect the
operating environment of Aspocomp and its customers in the
financial year 2023. New outlook for 2023 Aspocomp estimates
that its net sales for 2023 will be below the 2022 level and its
operating result for 2023 will be clearly below the 2022 level. In
2022, net sales amounted to EUR 39.1 million and the operating
result to EUR 4.5 million. Previous outlook for 2023
Aspocomp estimated previously that its net sales for 2023 would
increase from 2022 and its operating result for 2023 would be at
the same level as in 2022. In 2022, net sales amounted to EUR 39.1
million and the operating result to EUR 4.5 million Aspocomp is
currently observing a 30-day silent period prior to the publication
of its Half-Year Report. Aspocomp’s Half-Year Report for January 1
– June 30, 2023, will be released on Thursday, July 20, 2023, at
around 09:00 a.m. (Finnish time). ASPOCOMP GROUP PLC Board of
Directors Further information For further information,
please contact Mikko Montonen, President and CEO,
mikko.montonen(at)aspocomp.com. Aspocomp – heart of
technology A printed circuit board (PCB) is used for electrical
interconnection and as a component assembly platform in electronic
devices. Aspocomp provides PCB technology design, testing and
logistics services over the entire lifecycle of a product. The
company’s own production and extensive international partner
network guarantee cost-effectiveness and reliable deliveries.
Aspocomp’s customers are companies that design and manufacture
telecommunication systems and equipment, automotive and industrial
electronics, and systems for testing semiconductor components for
security technology. The company has customers around the world and
most of its net sales are generated by exports. Aspocomp is
headquartered in Espoo and its plant is in Oulu, one of Finland’s
major technology hubs. www.aspocomp.com
Grafico Azioni Aspocomp Group Oyj (LSE:0DG8)
Storico
Da Apr 2024 a Mag 2024
Grafico Azioni Aspocomp Group Oyj (LSE:0DG8)
Storico
Da Mag 2023 a Mag 2024