Viafin’s turnover fell as predicted – Operating earnings passed Inderes’ forecasts

Industrial preservation corporation Viafin Service turnover within the second quarter changed into 21.3 million euros, even as the corresponding determine within the comparison period changed into 24.2 million euros.

Following the business enterprise Inderes had expected the turnover to be 21.1 million euros.

Viafin’s working end result turned into 1.1 million euros, whilst the corresponding parent inside the assessment period changed into 1.1 million euros. Inderes anticipated an running earnings of zero.7 million euros.

“The first half of of 2023 improved generally for the enterprise as enterprise picked up inside the 2d quarter as a whole after upkeep shutdowns began,” commented the CEO Heikki Pesu in the bulletin.

EBITDA in April-June become 1.4 million euros, at the same time as within the evaluation duration it become 1.3 million euros.

Result caution at the back of

Viafin issued a negative profits warning in July and now repeated the guidance it gave then for the relaxation of the yr. The corporation expects the turnover in 2023 to be 70-80 million euros and the running result for the financial yr to be 3.5-4.Five million euros. Last year, the turnover changed into 87.Three million euros and the running result changed into 4.Five million euros.

The main reason for the decline in turnover changed into the notably decreased turnover of the challenge commercial enterprise. Last year, the turnover of the venture commercial enterprise was 22.6 million euros.

“According to our estimate, the turnover of the project enterprise will fall appreciably, i.E. Much less than half of, of closing yr’s assessment duration.”

“The substantial decrease in project business turnover as compared to ultimate year was mainly due to the fact that there were fewer new requests for tenders and less successful projects over the last 365 days.”