Delete Group Oyj provides additional guidance for the first half of 2019
DELETE GROUP OYJ, STOCK EXCHANGE RELEASE 25 MARCH 2019 AT 11:00 EET
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Delete Group Oyj provides additional guidance for the first half of 2019
Delete Group Oyj (the "Company") has provided the following prospects for 2019 in the Company's financial statement for the financial year ended 31 December 2018, which were published on 21 February 2019:
"PROSPECTS FOR 2019
The demand for industrial cleaning services is expected to remain stable. The demand for demolition services is expected to remain on a reasonable level supported by the somewhat resilient renovation construction market. The market demand for recycled fuel is expected to improve to some degree during 2019.
Delete Group’s reported operating profit (EBIT) is expected to improve in 2019."
The Company reaffirms its prospects for 2019 as previously disclosed. In addition, the Company provides the following additional guidance regarding the first half of 2019:
"During first half 2019 demolition services project volume is expected to remain stable but demand for large demolition projects is expected to decline. Further, the heavy winter conditions are likely to have some adverse effect on the due execution of certain projects and sewer work volume during early 2019. Due to these reasons Delete’s profitability is expected to decline during first half 2019 compared to first half 2018."
For more information:
Ville Mannola, CFO
phone: +358 400 357 767
email: ville.mannola@delete.fi
DELETE GROUP IN BRIEF
Delete Group is a leading environmental full-service provider that offers specialist competences and specialised equipment through three business areas: Industrial Cleaning, Demolition Services and Recycling Services. Delete was formed in 2010 through the combination of Toivonen Yhtiöt and Tehoc and was acquired by private equity investor Axcel in 2013. Since 2011, Delete has made 34 acquisitions within the industrial cleaning and demolition segments.
The Group is headquartered in Helsinki and employs approx. 1,000 professionals at over 35 locations in Finland and Sweden.
Forward-Looking Statements
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