Companies A positive earnings warning from Creature

Infrastructure builder Kreate previously estimates that its net sales and earnings will fall from the previous year’s reading.

Infrastructure builder Kreate Group Plc is raising its guidelines for net sales.

Kreate estimates that its net sales and operating profit before taxes and depreciation will be at the level of 2020, ie net sales of EUR 235.3 million and operating profit of EUR 10.5 million.

Creature’s previous estimate was that its net sales would decrease compared to the previous year.

The change in guidance is positively affected by the order backlog developed during the current year and the start-up of significant projects during the last quarter.

Kreate was listed on the Helsinki Stock Exchange this spring.

Read more: Infrastructure builder Kreate is listed on the Helsinki Stock Exchange

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#Companies #positive #earnings #warning #Creature

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