TRESU Investment Holding A/S - adjustment to full year 2024 guidance

TRESU INVESTMENT HOLDING A/S
ANNOUNCEMENT NO. 07.2024
12.07.2024

TRESU Investment Holding A/S - adjustment to full year 2024 guidance.

TRESU Investment Holding A/S today announces an adjustment to full year guidance for 2024 mainly driven by slow market demands and postponed decisions from customers.

We have experienced a temporary slowdown in market activities in our System business segment mainly driven by a slowdown in Packaging and lower demands in Corrugated. We expect to return to growth at the end of 2024.

In addition, we have seen postponed customers' investment decisions in the machines & unit segment, expected to be taken now in the second half of the year.

The Customer Care business is expected to grow further and will be at plan level.

Implemented operational initiatives are showing good results and have improved underlying margins.

As a result, we are adjusting our expectations for full-year 2024 organic growth to be 0-5% (previously: 15-25%) and the adjusted EBITDA margin to be 4-6% (previously: 5-9%) as an effect of lower sales.

Stephan Plenz
CEO, TRESU

For further details, please contact:
CEO, Stephan Plenz, phone: +45 2194 5480
CFO, Torben Børsting, phone: +45 5130 2780

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