Preliminary financial information for the year ended December 31, 2023
20 February 2024. Renta Group Oy (the “Company”) provides today updated information regarding its recent financial performance.
Based on preliminary information, the Company estimates that its reported net sales for the year ended December 31, 2023 was €455.8 million, EBITDA was €158.0 million and Adjusted EBITDA was €162.6 million. For the year ended December 31, 2023, Pro Forma Adjusted Net Sales and Pro Forma Adjusted EBITDA, each as adjusted for the full year run-rate impact of acquisitions made during the year ended December 31, 2023, were €493.9 million and €176.8 million, respectively.
As of December 31, 2023 estimated net leverage was 4.1x.
This press release constitutes a public disclosure of inside information by the Company under Regulation (EU) 596/2014 (16 April 2014) and Implementing Regulation (EU) No 2016/1055 (10 June 2016).
Forward Looking Statements
The unaudited financial guidance set out above for the year ended December 31, 2023 is based in part on unaudited internal management accounts for the year ended December 31, 2023. The unaudited financial information above should not be viewed as a substitute for full audited financial statements prepared in accordance with IFRS. Our actual financial results for the year ended December 31, 2023 may vary from the estimated results above. These variations could be material. In addition, these results may not be indicative of future performance. As such, you should not place undue reliance on the preliminary information or estimates set forth above.
This press release may include forward-looking statements. These forward- looking statements can be identified by the use of forward-looking terminology, including the terms “believes”, ‟estimates”, ‟anticipates”, “expects”, “intends”, “may”, “will” or “should” or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts and include statements regarding the Company’s or its affiliates’ intentions, beliefs or current expectations concerning, among other things, the Company’s or its affiliates’ results of operations, financial condition, liquidity, prospects, growth, strategies and the industries in which they operate. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Readers are cautioned that forward-looking statements are not guarantees of future performance and that the Company’s or its affiliates’ actual results of operations, financial condition and liquidity, and the development of the industries in which they operate may differ materially from those made in or suggested by the forward- looking statements contained in this press release. In addition, even if the Company’s or its affiliates’ results of operations, financial condition and liquidity, and the development of the industries in which they operate are consistent with the forward-looking statements contained in this press release, those results or developments may not be indicative of results or developments in subsequent periods.
The forward-looking statements and information contained in this announcement are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.