Puuilo Oyj provided earnings guidance for the year 2022. The company expects that net sales will increase. However, net sales growth is forecasted to be below the long-term annual growth target for the current financial year (net sales annual organic growth in excess of 10%).

The company forecasts adjusted EBITA to be EUR 40­50 million. The forecast includes elements of uncertainty due to the energy crisis, development of the COVID-19 pandemic, the war in Ukraine, rising interest rates, inflation causing decline in purchasing power and the effects of these. The company changed its outlook for the financial year 2022 with a stock exchange release on 7 September 2022.

Previously, the company forecasted adjusted EBITA to be EUR 35 million to EUR 45 million. The net sales forecast remained unchanged.