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Inside Information, Profit Warning: Aspocomp Lowers Guidance for 2024
August 29, 2024 | AspocompEstimated reading time: 1 minute
Aspocomp Group Plc lowers its financial guidance for the year 2024. Aspocomp now estimates that its net sales for 2024 will be below the 2023 level, and its operating result for 2024 will be clearly below the 2023 level. In 2023, net sales amounted to EUR 32.3 million and the operating result was a loss of EUR 1.7 million.
In its previous outlook for 2024 (released on March 14, 2024, and repeated on July 18, 2024), Aspocomp estimated that its net sales for 2024 would increase from 2023, and its operating result would improve from 2023. In 2023, net sales amounted to EUR 32.3 million and the operating result was a loss of EUR 1.7 million.
Reasoning for the updated financial guidance
The net sales and operating result guidance is lowered due to the delay in increasing the company’s production capacity and the weakening of demand for its PCB brokerage business. In addition to the decrease in net sales, the weakening of the operating result forecast is influenced by the ramp-up of production of new products and the continued emphasis of net sales on lower-margin customer segments.
In its Half-Year Report, Aspocomp announced that order intake had turned to growth in the Semiconductor customer segment. Positive development has continued in Aspocomp’s order book and growth prospects in the Semiconductor customer segment are still strong. As the order book recovered, in June Aspocomp ended the layoffs that had begun in January 2024 and in July started recruitment to increase capacity.
New outlook for 2024
Aspocomp estimates that its net sales for 2024 will be below the 2023 level, and its operating result for 2024 will be clearly below the 2023 level. In 2023, net sales amounted to EUR 32.3 million and the operating result was a loss of EUR 1.7 million.
Previous outlook for 2024 (released on March 14, 2024, and repeated on July 18, 2024)
Aspocomp estimated previously that its net sales for 2024 would increase from 2023, and its operating result would improve from 2023. In 2023, net sales amounted to EUR 32.3 million and the operating result was a loss of EUR 1.7 million.
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