Summary by Moomoo AI
Modern Dental Group Limited (“Modern Dentistry”) issued a positive earnings forecast on March 11, 2024, which expects revenue, EBITDA and net profit for the 2023 fiscal year to be new highs. The forecast is based on the accelerating digitization trend in the dental industry, as well as the Group's diversified strategy and comprehensive portfolio of products, leading to increased market share. Revenue for the 2023 fiscal year is expected to range between HK$31 billion and HK$32 billion, an increase of approximately 10.4% to 14.0% compared to 2022. EBITDA is expected to be in the range of HK$6 billion to HK$7.5 million, an increase of approximately 45.8% to 52.3%. Net profit is expected to be between HK$3.9 million and HK$4 billion, up approximately 76.5% to 85.5%. The Group will announce the final consolidated results by the end of March 2024. The Board of Directors reminds shareholders and investors to exercise caution when buying and selling the Company's securities.