Kreate Group Oyj Inside information
New result guidance for 2022
Kreate estimates that the company revenue (2021:
Justifications
Kreate’s strong order backlog and specialisation in demanding construction as well as the stable infrastructure construction market have supported the company’s revenue and order backlog as expected. The
The changes in the operating environment due to cost inflation, which are particularly reflected in increased fuel costs and energy prices, as well as the earlier long-term projects that are not bound to an index will impact the development of EBITA and relative profitability more than estimated during the 2022 financial year. Long-term projects or general cost inflation are not expected to impact the profitability in year 2023. In the contracts signed in 2022, attempts have been made to take the changes in the cost level into account better than before through contractual means.
Furthermore, the company’s accelerated strategic expansion to the electric railway and safety device business, which was announced in September, will result in one-time costs in 2022. However, the investments made at this time will enable the more effective implementation of growth plans in railway construction in the coming years.
Previous result guidance for 2022 (published on
Kreate estimates that its revenue (2021:
Justifications:
Kreate’s strong order backlog and specialisation in demanding construction as well as the stable infrastructure construction market support the company’s strategic growth forecast.
Communications Manager
Distribution: Nasdaq Helsinki, key media, kreate.fi/en
Contacts
Mikko Laine , CFO, Kreate Group Oyj, +358 50 599 9201, mikko.laine@kreate.fi
About Kreate Group Oyj
Attachments
- Download announcement as PDF.pdf
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