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SRV Group: Write-downs burdened earnings - Evli

Third party research 28.04.2022 11:40 SRV

SRV's net sales in Q1 amounted to EUR 190.7m, quite in line with our consensus estimates (EUR 186.7m/179.0m Evli/cons.). Operative operating profit amounted to EUR 4.9m, above our estimates (EUR 3.2m Evli). EBIT was significantly burdened by write-downs relating to SRV’s holdings in Russia and amounted to EUR -85.7m.

Source: Finwire News.

SRV is a leader in the development of innovative construction projects. We seek to provide the best customer experience as a builder of urban centres and to be the industry’s most inspiring workplace. Genuine cooperation and enthusiasm is visible in every encounter with us.