Brief: Altia Q2 Comparable EBITDA Falls To EUR 12.3 Mln

Anora Oyj

18/08/2021 06:50

Aug 18 (Reuters) - Altia Oyj  ALTIA.HE :
    * ALTIA PLC HALF-YEAR REPORT JANUARY-JUNE 2021: GOOD NET
SALES
GROWTH IN Q2, MERGER EXPECTED TO BE COMPLETED ON 1 SEPTEMBER
2021
    * YEAR REPORT JANUARY-JUNE 2021: GOOD NET SALES GROWTH IN
Q2,
MERGER EXPECTED TO BE COMPLETED ON 1 SEPTEMBER 2021
    * Q2 REPORTED NET SALES WERE EUR 86.8 (81.0) MILLION
    * Q2 COMPARABLE EBITDA WAS EUR 12.3 (13.2) MILLION, 14.2%
(16.3%)
OF NET SALES
    * Q2 REPORTED EBITDA DECREASED DUE TO ITEMS AFFECTING
COMPARABILITY (IAC) AND WAS EUR 10.1 (12.6) MILLION, 11.7%
(15.5%) OF NET SALES
    * ALTIA HAS UPDATED ITS SHORT-TERM OUTLOOK BUT IS NOT
PROVIDING
GUIDANCE FOR 2021, DUE TO UNCERTAINTIES CAUSED BY COVID-19 AND
LOW PREDICTABILITY FOR FULL YEAR 2021
    * IN SECOND HALF OF 2021, COVID-19 IS STILL EXPECTED TO
IMPACT
TRAVEL RETAIL, EXPORTS AND ON-TRADE.
    * CHANNEL MIX IN MONOPOLY MARKETS DEPENDS ON RESTRICTIONS
AND
RECOMMENDATIONS SET IN TRAVEL RETAIL AND ON-TRADE.
    * IN ALTIA INDUSTRIAL, FOR SECOND HALF OF 2021, COVID-19 IS
EXPECTED TO CONTINUE TO IMPACT SUPPLY CHAIN, INDUSTRIAL SERVICES
AND PRODUCTS

Source text for Eikon:  ID:nWkrc0DFSC 
Further company coverage:  ALTIA.HE 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))