Brødrene Hartmann A/S revised earnings guidance for the year 2023. Based on the preliminary figures for First Quarter 2023 and decreasing energy prices, Hartmann now expects to generate revenue of DKK 3.4-3.8 billion (previously DKK 3.6-4.0 billion) and operating profit of DKK 300-400 million (previously DKK 220-320 million) in 2023. The lower revenue range is mainly based on expectedly lower sales prices to those customers, whose charges with Hartmann are linked to the development of energy prices.

Adjusted operating profit is based on an expectedly improved performance in the Americas from increased capacity utilisation and efficiencies. Hartmann still expects energy and raw material prices to remain high and volatile in 2023.