Delete withdraw its outlook on 3 April 2020 due to the COVID-19 pandemic and related uncertainty of economic development. As the uncertainty over the full-year performance has decreased, Delete now reinstates its outlook.
Outlook for 2020:
Delete’s fourth quarter adjusted EBITDA for continued operations is expected to be on a similar or better level than in 2019. Adjusted EBITDA for continued operations in the fourth quarter 2019 was EUR 2.2 million.
Adjusted EBITDA for continued operations for the full year 2020 is expected to be lower than in the previous year. In 2019, adjusted EBITDA for continued operations was EUR 13.2 million.
Due to the COVID-19 pandemic, the outlook contains more uncertainty than usual and is based on the assumption that there are no material changes in the operating environment due to the pandemic.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Ville Mannola, CFO, Delete Group Oyj
Tel. +358 400 357 767
DELETE GROUP IN BRIEF
Delete Group is a leading environmental full-service provider in the Nordics. The Group offers business critical specialist competences and specialised equipment through three business areas: Industrial Cleaning, Demolition Services (Assets held for sale) and Recycling Services. Delete was formed in 2010 through the combination of Toivonen Yhtiöt and Tehoc and was acquired by private equity investor Axcel in 2013. Since 2011, Delete has made 34 acquisitions within the industrial cleaning and demolition segments.
The Group is headquartered in Helsinki and employs approximately 900 professionals at over 36 locations in Finland and Sweden.