Brief: Altia Q1 EBITDA Down At EUR 4.6 Mln

Anora Oyj

28/04/2021 06:35

April 28 (Reuters) - Altia Oyj  ALTIA.HE :
    * ALTIA PLC'S BUSINESS REVIEW JANUARY-MARCH 2021: SALES AND
PROFITABILITY IMPROVED IN Q1
    * Q1 REPORTED NET SALES WERE EUR 71.7 (68.2) MILLION
    * Q1 EBITDA WAS EUR 4.6 (5.4) MILLION, 6.4% (8.0%) OF NET
SALES
    * ALTIA HAS DECIDED TO PROVIDE A SHORT-TERM OUTLOOK BUT NO
GUIDANCE FOR 2021, DUE TO UNCERTAINTIES CAUSED BY COVID-19 AND
LOW PREDICTABILITY FOR FULL YEAR 2021
    * IN 2021, WE LOOK FORWARD TO REACHING AN IMPORTANT
STRATEGIC
MILESTONE WITH PLANNED MERGER OF ALTIA AND ARCUS TO FORM LEADING
NORDIC WINE AND SPIRITS BRAND HOUSE: ANORA GROUP
    * DEVELOPMENT OF GROUP'S BUSINESS OPERATIONS AND
PROFITABILITY ARE
AFFECTED BY COMPETITIVE ENVIRONMENT, OVERALL ECONOMIC OUTLOOK
AND CHANGES IN ALCOHOL TAXATION AND REGULATION
    * SHORT-TERM OUTLOOK REMAINS SAME AS IN FINANCIAL STATEMENTS
BULLETIN ON 25 FEBRUARY 2021

Source text for Eikon:  ID:nWkrcbmpZl 
Further company coverage:  ALTIA.HE 

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