"Uncertainty in the global market and a low level of investments have continued. Distributors are further reducing their inventory levels towards the end of the year. In addition, labor market measures have caused disruptions in the supply chain. As a result of these factors, Kesla’s year-end deliveries are at a lower level than the company had previously forecast.
Kesla’s Board of Directors has decided to lower its guidance for 2024 revenue and profit.
New guidance: Kesla estimates that 2024 revenue will decrease significantly and operating profit will decrease compared to the previous year.
Old guidance: Kesla estimated that 2024 revenue would decrease significantly and operating profit would decrease slightly compared to the previous year.
Kesla continues to implement its strategy, and long-term targets have not been changed. In line with our strategy, in 2025 we will focus on bold renewal, building a foundation for profitable growth, and succeeding together with our customers, partners, and personnel."