Revised financial outlook due to challenging market conditions - Pipeline remains strong and still growing.
Company announcement no. 76 Inside informationToday, LED iBond International A/S makes a downward revision of the company’s revenue outlook for 2023 and evaluates financing options. LED iBond increased its revenue from external customers in Q1 2023 compared to Q1 2022 but Q2 2023 revenue is, however, not at a satisfactory level. Total revenue in H1 2023 is estimated to MDKK 1.3-1.4 compared to MDKK 1.7 for H1 2022. The main reasons are difficult market conditions impacted by the unstable macro conditions including supply constraints, general price increases, and not at least energy