Inside information: Lamor lowers its guidance for 2024
Lamor Corporation Plc | Inside Information | December 12, 2024 at 14:00:00 EET
Inside information: Lamor lowers its guidance for 2024
Due to prolonged NEOM negotiations and delays related to the schedule of large deliveries during the fourth quarter, the company lowers its guidance for 2024.
New guidance
Lamor estimates that revenue and adjusted EBIT for the financial year 2024 will be lower than in the previous year (2023: revenue EUR 122.5 million and adjusted EBIT EUR 10.9 million).
Old guidance (issued on 16 February 2024)
Lamor estimates that its revenue for the financial year 2024 will be at least at the same level as in 2023 (2023: EUR 122.5 million). Due to the uncertain market situation and uncertainty regarding the schedule of large tenders, Lamor does not provide guidance for profitability.
Further information
Mikko Forsell, CFO, Lamor Corporation Oyj
+358 50 434 2516, mikko.forsell@lamor.com