Glunz & Jensen Adjusts 2024 Financial Expectations and Outlook
Update on Financial Expectations for 2024
To Nasdaq OMX Copenhagen A/S
Company announcement no. 567
CLARIFICATION AND UPDATE ON FULL YEAR EXPECTATIONS FOR 2024
As Glunz & Jensen concludes the financial year 2024, insights from the auditing process have illuminated some minor deviations from earlier estimates. These adjustments come after a thorough evaluation of the company’s financial forecast endorsed by the board.
Key Updates on Revenue and Profitability
One of the significant updates involves the timing of equipment deliveries. Two units, which were expected to generate approximately DKK 4 million in revenue, will instead be shipped in 2025, thus impacting the 2024 revenue figures.
Furthermore, reports from the last quarter underline that Glunz & Jensen experienced robust profit margins. The company also implemented further reductions in fixed costs, enhancing overall profitability.
Revised Financial Expectations
As a result of these adjustments, Glunz & Jensen is revising its financial outlook for the year:
- The anticipated revenue is now approximately DKK 131 million, down from a previous estimate of DKK 135 million.
- Expected EBITDA is revised to around DKK 11 million, previously forecasted at DKK 12 million.
- The profit before tax remains stable at roughly DKK 5 million, consistent with earlier projections.
It’s important to note that these figures, particularly for EBITDA and profit before tax, are provided without factoring in any potential adjustments related to the fair value of the investment property.
Upcoming Annual Report Announcement
Looking ahead, Glunz & Jensen is set to unveil its annual report for the fiscal year 2024 on March 19, 2025. Stakeholders and interested parties can anticipate comprehensive details regarding the company's performance and strategic direction.
Contact Information for Further Insights
For additional queries or detailed information, please reach out to:
CEO Henrik Blegvad Funk: phone +45 21 39 05 32
Chairman of the board Flemming Nyenstad Enevoldsen: phone +45 40 43 13 03
Frequently Asked Questions
What are the new revenue expectations for Glunz & Jensen in 2024?
The updated revenue expectation for Glunz & Jensen in 2024 is approximately DKK 131 million, lowered from DKK 135 million.
How has the last quarter of 2024 performed for Glunz & Jensen?
The last quarter has reported strong profit margins with successful reductions in fixed costs.
When will Glunz & Jensen release its annual report?
The annual report for 2024 is slated for release on March 19, 2025.
What is the expected EBITDA for Glunz & Jensen in 2024?
The expected EBITDA has been revised to approximately DKK 11 million for 2024.
Who can be contacted for more information about the company?
For inquiries, contact CEO Henrik Blegvad Funk at +45 21 39 05 32 or Chairman Flemming Nyenstad Enevoldsen at +45 40 43 13 03.
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