Tecnotree Corporation updates guidance and dividend policy
Tecnotree Corporation Stock Exchange Release 6 September 2024 at 10:00 EEST
Tecnotree Corporation will be hosting an Investor and Analyst Connect virtual event later today as detailed on the company website. The event will cover certain forward looking financial guidance that Tecnotree would like to inform the market of.
Tecnotree will reiterate its guidance for 2024 while updating its outlook and guidance for 2025.
- Revenue to be higher by 2%-7% in 2024 as compared to 2023
- Operating profit (EBIT) to be higher by 7%-15% in 2024 as compared to 2023
- Free cash flow (FCF) EUR 2-5m for H2 2024
In addition, Tecnotree will be providing new financial guidance for 2025. The company expects:
- Capex to Sales ratio to be 10%- 12%
- FCF to be greater than EUR 3m
As a reminder, the forward guidance for Revenue, Operating profit and Capex to sales are on a constant currency basis.
The company also updates its dividend distribution policy to distribute 10% of its free cash flow as dividends.
The event recording and presentation materials will be made available on the company’s website: www.investors.tecnotree.com.
