Masterplast withdraws guidance for earnings
Listed Hungarian building materials maker Masterplast withdrew guidance for earnings issued in January because of "better-than-expected" results, the company said in a disclosure posted on the website of the Budapest Stock Exchange.
Masterplast "no longer considers the profit forecast for 2021 as a guideline and therefore intends to amend it."
The new guidance will be published in September, after the release of first-half earnings, it added. In the guidance issued in January, Masterplast projected its income would rise from an estimated EUR 6.2 million in 2020 to EUR 12-13 mln in 2022. It saw sales rising from EUR 120 mln in 2020 to EUR 176 mln in 2022.
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