Highly followed and much-discussed Digitalist issued a profit warning
Below is the fresh release issued by the company:
Digitalist Group Plc Inside Information Oct 17, 2024, at 20:15
Digitalist Group Plc lowers its previous guidance for revenue and EBITDA development
Digitalist Group Plc (“the Company”) is lowering its previous guidance for revenue and EBITDA development. The new guidance is: In 2024, revenue and EBITDA are expected to decrease compared to 2023.
The Company’s previous guidance was: In 2024, revenue was expected to remain at the same level and EBITDA was expected to develop positively compared to 2023.
Although the third-quarter result has improved compared to the beginning of the year and we are cautiously optimistic about the fourth quarter, we do not expect to reach last year’s reported EBITDA, which included EUR 1.0 million in other operating income. Operationally, excluding the impact of this other income, we expect the current financial year to be stronger than the previous year.