Future outlook

Following a strong earnings and outlook development in 2022, Delete Group updated its outlook for 2022 on 9 November 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.