Lamor Corporation Oyj | Company Release | December 12, 2024 at 14:00:00 EET
Inside information: Lamor lowers its guidance for 2024
Due to prolonged NEOM negotiations and delays related to the schedule of large deliveries during the fourth quarter, the company lowers its guidance for 2024.
New guidance
Lamor estimates that revenue and adjusted EBIT for the financial year 2024 will be lower than in the previous year (2023: revenue EUR 122.5 million and adjusted EBIT EUR 10.9 million).
Old guidance (issued on 16 February 2024)
Lamor estimates that its revenue for the financial year 2024 will be at least at the same level as in 2023 (2023: EUR 122.5 million). Due to the uncertain market situation and uncertainty regarding the schedule of large tenders, Lamor does not provide guidance for profitability.
Further information
Mikko Forsell, CFO, Lamor Corporation Oyj
+358 50 434 2516, mikko.forsell@lamor.com
About Us
Lamor is one of the world's leading providers of environmental solutions. For four decades, we have worked to clean up and prevent environmental incidents on land and at sea.
Environmental protection, soil remediation and material recycling: Our innovative technologies, services and tailored solutions, ranging from oil spill response, waste management and water treatment to soil remediation and plastic recycling, benefit customers and environments all over the world.
We are capable of vast and fast operations thanks to our connected ecosystem of local partners, steered by our experts. We have over 600 employees in more than 20 countries. In 2023, our turnover was 123 million euros. Lamor's share is listed on the Nasdaq Helsinki (ticker: LAMOR). Further information: www.lamor.com
