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Sydbank Revises 2024 Profit Expectations Amid Better Energy Restructuring
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Sydbank Revises 2024 Profit Expectations Amid Better Energy Restructuring

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An announcement from Sydbank A/S ( (GB:0MGE) ) is now available.

Sydbank A/S has announced that due to a significant restructuring of Better Energy, there will be additional impairment charges amounting to DKK 450 million. Consequently, the profit after tax for 2024 is now expected to be between DKK 2,700-2,900 million, compared to the previously forecasted range of DKK 2,800-3,100 million. This adjustment indicates a potential impact on the company’s financial performance and could have implications for stakeholders, highlighting the challenges and financial adjustments needed in the energy sector.

More about Sydbank A/S

YTD Price Performance: 42.72%

Average Trading Volume: 19,996

Technical Sentiment Consensus Rating: Sell

Current Market Cap: DKK20.26B

For a thorough assessment of 0MGE stock, go to TipRanks’ Stock Analysis page.

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