31.10.2023 15:20:01 EET | Componenta Oyj | Inside information

Componenta Corporation, Inside information, on 31 October 2023 at 3.20 p.m. EET

Inside information: Componenta lowers its guidance for net sales and EBITDA for 2023. Componenta expects the net sales in 2023 to be EUR 100–105 million. EBITDA is expected to be EUR 6–7 million. In 2022, net sales were EUR 109.1 million and EBITDA EUR 7.1 million.

New guidance’s for 2023

Componenta expects the Group’s net sales to be EUR 100–105 million in 2023. EBITDA is expected to be EUR 6–7 million. In 2022, net sales were EUR 109.1 million and EBITDA EUR 7.1 million.

Poor availability of raw materials, increases in the prices of raw materials and electricity, the general economic situation and competitive climate, and the development of customers’ sales volumes may affect business outlooks. In addition, the development of sales and profitability involves uncertainties because of the intensified geopolitical situation. An unfavourable development of the geopolitical situation may also have a negative impact on the financial market, sales volumes, the availability and price development of raw materials and electricity, and the availability of foreign labour, all of which increase forecasting uncertainty.

Previous guidance for 2023

Componenta expects the Group’s net sales to be EUR 110-120 million in 2023. EBITDA is expected to improve from the previous year. The Group’s net sales in 2022 were EUR 109.1 million, and its EBITDA was EUR 7.1 million.

Poor availability of raw materials, increases in the prices of raw materials and electricity, the general economic situation and competitive climate, and the development of customers’ sales volumes may affect business outlooks. In addition, the development of sales and profitability involves uncertainties because of the Russia’s war of aggression. An unfavourable development of the geopolitical situation in relation to the Russia’s war of aggression may also have a negative impact on the financial market, sales volumes, the availability and price development of raw materials and electricity, and the availability of foreign labour, all of which increase forecasting uncertainty.

Sami Sivuranta, President and CEO:

“The general uncertainty in the market has increased and it has also been reflected in the development of the order book of our main customers. Our customers have also started paying more attention to working capital management and optimizing inventory levels. At the same time, the decision-making time from submitting an offer to accepting an offer has been extended. This has been reflected in slowed new sales and delays in the start-up timings of new production, and together with the decreased material costs, has contributed to lowering our net sales outlook in the second half of the year. The decrease in costs partly has a downward effect on net sales through indices. Despite this, our outlook for the development of production volumes next year are still at a good level."

Componenta publishes its business review for January–September 2023 on Friday 3 November 2023.

COMPONENTA CORPORATION

Sami Sivuranta
President and CEO

For further information, please contact: 
Sami Sivuranta, President and CEO, tel. +358 10 403 2200
Marko Karppinen, CFO, tel. +358 10 403 2101

Distribution: 
NASDAQ Helsinki
Main media
www.componenta.com

Componenta Corporation is an international technology company and Finland's leading contract manufacturer in the machine building industry. Sustainability and customer needs are at the core of the company’s broad technology portfolio. Componenta Corporation manufactures components for its customers, which are global manufacturers of machinery and equipment. The company’s stock is listed on Nasdaq Helsinki. www.componenta.com