Componenta to change its guidance for 2019
Componenta Corporation, Stock Exchange Release, Insider Information, 25 September 2019 at 11.10
Componenta will change its guidance for 2019. The company expects the net sales of the Group’s continued operations for 2019 (including Komas Oy as of 1 September 2019 but entirely without Componenta Främmestad AB) to be in the range of EUR 55 - 65 million. The guidance concerning EBITDA remains unchanged, meaning that the corresponding EBITDA is expected to remain positive.
In its previous guidance, Componenta expected net sales to be EUR 90 - 110 million in 2019. EBITDA was expected to remain positive. Net sales for 2018 were EUR 120.7 million and EBITDA EUR 3.7 million.
Following Componenta Främmestad AB’s filing for bankruptcy, Componenta’s continued operation is contract manufacturing business comprising of foundries in Pori and Karkkila and machine shops in Jyväskylä, Härmä, Kurikka, Leppävesi and Sastamala. The Group has some 700 employees. The company provides cast and machined components, forged blanks, hydraulic pipes and plate cuttings to global manufacturers of vehicles, machines and equipment.
President and CEO
For further information, please contact:
Marko Penttinen, President and CEO, tel. +358 10 403 2200
Marko Karppinen, CFO, tel. +358 10 403 2101
Componenta is an international technology company. Componenta specializes in supplying cast and machined components to its global customers, who are manufacturers of vehicles, machines and equipment. The company’s share is listed on Nasdaq Helsinki.