February 20 (SeeNews) - Slovenian blue-chip hand tools manufacturer Unior [LJE:UKIG] expects to make a consolidated net profit of 11.1 million euro ($11.9 million) in 2023, it said.
Consolidated earnings before interest and tax (EBIT) will reach 16 million euro this year, while earnings before interest, taxes, depreciation and amortisation (EBITDA) will rise to 34 million euro, 12.5% more than the estimate for 2022, Unior said in a filing with the Ljubljana Stock Exchange on Friday.
Unior plans 295.7 million euro in consolidated net sales revenue in 2023, which represents a 2.5% increase compared to the estimate for last year.
As a result of planned investments of 30 million euro, the financial liabilities of Unior are expected to increase by 11.7 million euro in 2023, the hand tools manufacturer noted.
In January, Unior's supervisory board authorised the company's management to borrow a syndicated loan for a period of seven years and refinance its own debt, together with the liabilities of tourism unit Unitur.
($ = 0.93568 euro)