Brief: AAK Prelim Q3 Operating Profit Above Forecast

AAK AB (publ)

05/10/2020 08:08

Oct 5 (Reuters) - AAK AB (publ)  AAK.ST :
    * AAK EXPECTS A HIGHER OPERATING PROFIT FOR THE THIRD QUARTER THAN PREVIOUSLY FORECASTED
    * IT IS TOO EARLY TO HAVE A VIEW ON DEVELOPMENT FOR COMING QUARTERS
    * COST REDUCTION MEASURES INITIATED EARLY IN Q2
    * FAVORABLE PRODUCT MIX AND SLIGHTLY BETTER VOLUMES HAVE HAD A BETTER-THAN-ANTICIPATED
EFFECT ON
OPERATING PROFIT.
    * VOLUMES ARE STILL LOWER COMPARED TO LAST YEAR'S LEVELS BUT HAVE CONTINUED TO IMPROVE SINCE
END
OF MAY 2020.
    * OPERATING PROFIT FOR Q3 2020 IS SLIGHTLY HIGHER THAN Q3 2019, WELL ABOVE WHAT WAS EXPECTED
AT
BEGINNING OF Q3

Source text for Eikon:  ID:nWkr2SXcRm 
Further company coverage:  AAK.ST 

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