(Boursier.com) — NHOA indicates that its 2025 consolidated revenue and Ebitda targets, as currently described in its 2023 Universal Registration Document and as announced during the Capital Markets Day of July 26, 2023, are currently being reviewed. The group cites recent unfavorable developments, first in the electric mobility market, specifically in terms of slowing growth in electric vehicle sales and uncertainties in terms of public support compared to a year ago, coupled with the reduction of their short-term electric vehicle sales targets by several automakers, but also in the energy storage market, in terms of reduced contract values due to the overproduction of batteries from China , with the need for a selective commercial approach given the increase in counterparty risk on the supplier side. Thus, these elements “could potentially call into question some of the assumptions on which these objectives for 2025 were based”.
Therefore, following a meeting of its Board of Directors held on June 25, the Company has decided to test the sensitivity of its 2025 targets to this new market environment. The long-term outlook (2030 targets) will also be reviewed. NHOA will keep the market informed of the results of this analysis, in particular in the context of the intention of TCC Group Holdings Co., Ltd, the indirect majority shareholder of NHOA, to file a simplified takeover bid (followed by a squeeze-out if the legal conditions are met) on the Company’s shares announced on June 13.
©2024 Boursier.com