TRESU Investment Holding A/S: guidance adjustment for the year 2024

TRESU INVESTMENT HOLDING A/S

ADVERTISEMENT NO. 11.2024

22/10/2024

TRESU Investment Holding A/S: guidance adjustment for the year 2024

TRESU Investment Holding A/S today announces an adjustment to full-year guidance for 2024, primarily driven by a temporary market slowdown affecting both our systems and machines and units segments.

We experienced a temporary slowdown in market activities in our Systems business segment, primarily driven by a slowdown in Packaging and lower demand for Corrugated Cardboard. We expect to return to growth in early 2025.

In addition, we have seen deferred investment decisions by customers in the machines and units segment, which are now expected to be made in the first half of 2025.

The Customer Care business is expected to grow further and will approach the plan level.

Operational initiatives implemented are delivering good results and have improved underlying margins.

As a result, we are adjusting our full-year 2024 organic revenue growth expectations to -15 to -10% (previously: 0 to 5%) and adjusted EBITDA margin to 0 to 2% (previously: 4 to 6). %) as an effect of lower sales.

Stephan Plenz

CEO, TREASURY

For more details, please contact:

CEO, Stephan Plenz, phone: +45 2194 5480

CFO, Torben Børsting, phone: +45 5130 2780