Pelatro's trading statement shows that a stronger USD in 2022E, combined with delays in certain projects, will impact current year revenue and profitability. An increase in the Group's exposure to the Indian Rupee (INR), due to major Indian contracts being priced in local currency, has led to a lower USD revenue, as the INR weakened by over 8% YTD versus the USD. The company expects the FX headwinds combined with certain mainly change request revenue, to reduce Group revenue by $0.7m to $0.8m in ....
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Trading update
- Published:
01 Dec 2022 -
Author:
Brendan D'Souza | Paul David Richards -
Pages:
6
Pelatro's trading statement shows that a stronger USD in 2022E, combined with delays in certain projects, will impact current year revenue and profitability. An increase in the Group's exposure to the Indian Rupee (INR), due to major Indian contracts being priced in local currency, has led to a lower USD revenue, as the INR weakened by over 8% YTD versus the USD. The company expects the FX headwinds combined with certain mainly change request revenue, to reduce Group revenue by $0.7m to $0.8m in ....