HKScan Corporation, Stock Exchange Release, Inside information, 29 September 2022 at 2.30 p.m. EET
HKScan lowers its financial guidance for 2022
HKScan Corporation has decided to lower the company's financial guidance for 2022. According to the updated guidance, HKScan's comparable EBIT is expected to decrease from the comparison year, but remain positive. It has been decided to lower the financial guidance due to the significantly changed situation on the energy market. The uncertainty in the energy market affects all of HKScan's home markets and will impact the Group's EBIT despite hedging measures.
HKScan’s previous guidance for 2022 published on 10 February 2022
HKScan estimates that the Group’s comparable EBIT in 2022 will improve compared to 2021. Early 2022 comparable EBIT is expected to be weaker than the comparison period due to inflation, which strongly affects the company's profit development, and significant imbalances in the international meat and grain markets. The full-year profit development will be significantly affected by the development of the international meat and grain market.
Board of Directors
Jyrki Paappa, CFO, tel. +358 10 570 2512 or
HKScan Media Service Desk, tel. +358 10 570 5700 or by email: email@example.com