Digia Plc profit warning: Operating profit margin is expected to fall slightly short of guidance, net sales growth guidance remains unchanged

Digia Plc Inside Information 17 November 2022 at 08:00 am

Digia corrects its previously published guidance for the EBITA margin.

In its financial statements bulletin published on 8 February 2022, the company has estimated the EBITA margin to be over 10 percent of net sales. 

During 2022, Digia has continued to implement its long-term profitable growth strategy and invested in future growth and operational renewal. In January-September, the company's EBITA margin was 8.7 per cent. The global economic situation has brought uncertainty to the market, which is why some customers have delayed their projects in the fourth quarter so that the progress of these projects has slowed down. This will have an impact on Digia's net sales and operating profit for the current quarter. The company maintains the estimate of net sales development, but estimates the EBITA margin to be 9–10 percent of net sales. 

New profit guidance for 2022:
Digia's net sales will grow year-on-year. The EBITA margin will be 9–10 per cent of net sales.

Previous guidance for 2022, published on 8 February 2022:
Digia's net sales will grow year-on-year. The EBITA margin will be over 10 per cent of net sales.

Digia will publish the financial statements for 2022 on 10 February 2023 at 3 pm.  

Further information:

Timo Levoranta
President & CEO, Digia Plc
tel. +358 (0)10 313 3000 (exchange)

Distribution:
NASDAQ Helsinki
Key media
www.digia.com

Digia is a software and service company that helps its customers renew themselves in the networked world. There are more than 1,300 of us working at Digia. Our roots are in Finland and we operate both in Finland and abroad. We are building a world in which digitalisation makes a difference – together with our customers and partners. Digia’s net sales totalled EUR 156 million in 2021. The company is listed on Nasdaq Helsinki (DIGIA). digia.com