Raketech issues profit warning over Q4 EBITDA performance

Fourth-quarter EBITDA to fall short of expectations as shares in the affiliate drop 8.8%

Raketech has issued a profit warning updating investors that fourth-quarter EBITDA will come in below analyst expectations. Q4 2019 will be the first reporting period under new Raketech CEO Oskar Mühlbach and the firm expects quarterly revenue to hit €5.8m, which would mark a 24% year-on-year decrease. The Malta-based affiliate warned that EBITDA was likely to…

Finance | Michael Holmberg | Oskar Mühlbach | Raketech | Sweden