Insider information, negative profit warning: Merus Power lowers its guidance on EBITDA

Merus Power Plc, company release, inside information, 13 August 2024 at 4.30 p.m.

 

Merus Power lowers its guidance on operating margin (EBITDA) for 2024 and maintains its net sales forecast. The company still expects its 2024 net sales to increase. The company changes its EBITDA guidance and expects EBITDA to decrease in 2024 compared to the previous year. The EBITDA is expected to be negative by 0-1 million euros.

The EBITDA forecast is lowered due to the delay of a significant total responsibility project and the related costs that will weigh on the 2024 EBITDA.

New guidance for 2024
Merus Power expects its net sales to increase and its EBITDA to decrease compared to the previous year. The EBITDA is expected to be negative by 0-1 million euros.

Previous guidance for 2024 (published 8/02/2024, republished 19/06/2024)
Merus Power estimates that net sales and EBITDA will increase compared to 2023.

Half-year Report

Merus Power Plc’s half-year report will be published on 22 August 2024. A press conference for investors and analysts will be held on the same day at 10.30 a.m., with an opportunity for questions. Details of the press conference will be published on Merus Power Plc’s website at https://sijoittajat.meruspower.fi/en/for-investors/investor-calendar/.
 

For more information:

Kari Tuomala, CEO, [email protected], +358 20 735 4320

Aktia Alexander Corporate Finance Oy, Certified Adviser, +358 50 520 4098

 

Distribution:

Nasdaq Helsinki Ltd.

Key media

 

Merus Power in brief:

Merus Power is a technology company that enables a sustainable and energy-efficient future. We design and manufacture innovative electrical engineering solutions, such as energy storages, power quality solutions and services for renewable energy and industrial needs. With our scalable technology, we enable the growth of renewable energy in electric grids and improve the energy efficiency of society. We are a domestic innovative electrical engineering specialist and operate in global and fast-growing markets. Our personnel represent internationally respected engineering expertise. Our turnover in 2023 was EUR 29.0 million and our stock trading symbol on the Nasdaq First North Growth Market Finland is MERUS. www.meruspower.com.

 

The original of this document has been made in Finnish. In case of any discrepancy, the Finnish version will prevail.