Inside information, positive profit warning: adjusted EBITDA to grow significantly

Delete Group Oyj     Stock exchange release       9 November 2022 at 08:30 a.m. EET
Inside information 

Inside information, positive profit warning: adjusted EBITDA to grow significantly

Updated outlook for 2022:

The underlying demand for Cleaning Services business is expected to grow in 2022. Due to considerable productivity improvements achieved, successfully mitigated cost inflation factors and solid underlying organic growth, Delete Group’s adjusted EBITDA for January–December 2022 is estimated to be on EUR 14.0–15.0 million level (January–December 2021: EUR 7.8 million). Delete Group’s adjusted operating profit (EBIT) is expected to improve accordingly.

Previously valid outlook for 2022, published on 29 June 2022:

The underlying demand for Cleaning Services business is expected to grow in 2022. Delete Group’s efficiency and productivity are expected to improve compared to the previous year.

Delete Group’s operating profit excluding the Recycling Services business is expected to improve in 2022 compared to the operating profit excluding Recycling Services business in 2021.

Due to the coronavirus pandemic and the geopolitical developments, the outlook contains more uncertainty than usual and is based on the assumption that there are no material changes in the operating environment, postponements of scheduled work, or cancellations due to the pandemic.

FOR FURTHER INFORMATION, PLEASE CONTACT 

Ville Mannola, CFO of Delete Group Oyj

E-mail: ville.mannola@delete.fi

Tel. +358 400 357 767

www.deletegroup.fi

DELETE GROUP IN BRIEF

Delete Group is one of the leading providers of environmental services in the Nordic countries. The Group will provide customers with business-critical services that require special expertise and equipment in cleaning services.

The Group's head office is located in Vantaa and it employs approximately 600 professionals in 27 locations in Finland and Sweden.