Profit warning: Toivo Group Plc is lowering its guidance for 2023 due to a change in market yield requirements
Stock exchange release, inside information, 24 January 2024 at 5:55 p.m. Profit warning: Toivo Group Plc is lowering its guidance for 2023 due to a change in market yield requirements Toivo Group Plc (hereinafter referred to as “Toivo” or “the Company”) has lowered its guidance for 2023. Due to the rise in market interest rates, Toivo’s external valuator estimates that the yield requirements of apartments will increase in the fair value review carried out at the turn of the year. Fair value of Toivo´s investment properties at September 30[th] 2023 was EUR 171,9 million. In the