Kreate Group Plc Inside information
Inside information, profit warning: Preliminary information on Kreate’s financial performance in 2022 – full year revenue exceeded the guidance limit by
The result guidance for 2022, issued on
Kreate estimates that the company’s revenue (2021:
Kreate’s stronger order backlog, new projects started in Q4, efficient execution of projects and strategic specialisation in demanding construction contributed to the company’s Q4 revenue growing more than previously estimated. The development of the company’s EBITA were impacted by long-term projects not bound to an index as well as the general cost inflation and increase in interest rates.
Preliminary unaudited key figures, EUR million
| 10–12/2022 | 10–12/2021 | 1–12/2022 | 1–12/2021 |
Revenue | 83.1 | 75.8 | 273.9 | 237.6 |
Revenue growth, % | 9.6 | 22.3 | 15.3 | 1.0 |
EBITA | 2.3 | 3.1 | 8.8 | 10.5 |
EBITA, % of revenue | 2.8 | 4.1 | 3.2 | 4.4 |
Because of the quiet period, the company does not comment on or publish any other preliminary information concerning its performance before the publication of the financial statement bulletin. Kreate Group Oyj will publish its financial statement bulletin regarding the 2022 performance on
Board of Directors
For more information, please contact:
Timo Vikström, President & CEO of
Distribution: Nasdaq Helsinki, key media, kreate.fi/en
Contacts
- Timo Vikström, President & CEO, Kreate Group Oyj, +358 400 740 057, timo.vikstrom@kreate.fi
About Kreate Group Oyj
Attachments
- Download announcement as PDF.pdf
© STT Info Finland, source