Positive profit warning: Componenta raises its net sales guidance, EBITDA guidance remains unchanged
Componenta Corporation Stock Exchange Release on 16 September 2021 at 15.35
Componenta raises its net sales guidance for 2021:
Componenta expects the net sales of continued operations in 2021 to be EUR 85–90 million. EBITDA is expected to improve from the previous year. In 2020, net sales from continued operations were EUR 70 million and EBITDA EUR 3.7 million.
The potential increase in prices for raw materials, the general economic and competitive situation, and the development of customers’ sales volumes may affect the business outlook. Due to the COVID-19 pandemic, future sales and profitability developments are associated with uncertainties and poor visibility.
Previous guidance for 2021 (published in the financial statement release on 26 February 2021)
Componenta expects the net sales of continued operations in 2021 to be EUR 70–80 million. EBITDA is expected to improve from the previous year. In 2020, net sales from continued operations were EUR 70 million and EBITDA EUR 3.7 million.
The potential increase in prices for raw materials, the general economic and competitive situation, and the development of customers’ sales volumes may affect the business outlook. Due to the COVID-19 pandemic, future sales and profitability developments are associated with uncertainties and poor visibility.
President and CEO Sami Sivuranta:
”In connection with the half-year financial report, we told that the first part of 2021 met our expectations and proceeded in line with our growth strategy. Our net sales increased and profitability improved as planned. In our business as well as in the industry in general there is seasonality within the year and the first half is typically stronger than the latter part of the year. Despite the uncertainties related to COVID-19 pandemic we estimate that the strong first part of the year and the current outlook for the latter part of the year gives us a good basis for the growth in net sales and EBITDA in 2021.”
Componenta publishes its business review for January–September 2021 on Friday 5 November 2021.
COMPONENTA CORPORATION
Sami Sivuranta
President and CEO
For further information, please contact:
Sami Sivuranta, President and CEO, tel. +358 10 403 2200
Marko Karppinen, CFO, tel. +358 10 403 2101
Distribution:
NASDAQ Helsinki
Main media
www.componenta.com
Componenta is a technology company which specializes in supplying cast and machined components to global manufacturers of vehicles, machines and equipment. The company’s share is listed on Nasdaq Helsinki.