CORRECTION: H+H lowers financial outlook for full-year 2023
The updated guidance for organic growth is negative ranging from -20% to -25% as highlighted in bold below, but was by mistake wrongly stated as -25% to -30% in announcement no. 539. The challenging market conditions and sales volumes that have fallen short of our expectations for July and up until today, lead to an update of our financial outlook for 2023.CHIEF EXECUTIVE OFFICER JORG BRINKMANN QUOTE “Despite a positive trend in Q2, we are trending behind our volume expectations in CWE and UK in July and August. On top of this, we are starting to see higher price competition in