SRV Group Plc lowers guidance for revenue for 2022 and specifies guidance for operative operating profit

SRV GROUP PLC      INSIDE INFORMATION      25 OCTOBER 2022        15:00 EEST

SRV Group Plc lowers guidance for revenue for 2022 and specifies guidance for operative operating profit

SRV Group Plc lowers its guidance for revenue for 2022 and specifies its guidance for operative operating profit for 2022. The new guidance for revenue for 2022 is EUR 770-820 million (previously EUR 800-860 million). According to the specified estimate, the operative operating profit will be EUR 17-23 million for 2022 (previously EUR 15-25 million).

The weakened revenue outlook is due to market conditions postponing the start of the forecasted projects to a later date than anticipated. Revising operative operating profit is based on the improved view of the result towards the end of the year.

SRV Group Plc will publish its Q3 interim report on Thursday 27 October 2022 at 8:30 a.m.
 

For further information, please contact:
Saku Sipola, President & CEO, tel. +358 (0)40 551 5953, saku.sipola@srv.fi
Jarkko Rantala, CFO, tel. +358 (0)40 674 1949, jarkko.rantala@srv.fi
 

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SRV in brief

SRV is a Finnish developer and innovator in the construction industry. We are building a more sustainable and responsible urban environment that fosters economic value and takes into consideration the wellbeing of both the environment and people. We call this approach lifecycle wisdom. Our genuine engagement and enthusiasm for our work comes across in every encounter – and listening is one of our most important ways of working. We believe that the only way to change the world is through discussion.

Our company, established in 1987, is listed on the Helsinki Stock Exchange. We operate in growth centres in Finland. In 2021, our revenue totalled EUR 932.6 million. In addition to about 1,000 SRV employees, we have a network of around 3,600 partners.

SRV - Building for life