Brief: Altia Q2 Comparable EBITDA Rises To EUR 13.2 Million

Anora Oyj

19/08/2020 06:35

Aug 19 (Reuters) - Altia Oyj  ALTIA.HE :
    * ALTIA PLC HALF-YEAR REPORT JANUARY-JUNE 2020: STRONG
RESULT IN
AN EXCEPTIONAL MARKET ENVIRONMENT
    * Q2 NET SALES EUR 81.0 MILLION VERSUS EUR 91.2 MILLION YEAR
AGO
    * Q2 COMPARABLE EBITDA EUR 13.2 MILLION VERSUS EUR 9.4
MILLION
YEAR AGO
    * GUIDANCE REMAINS SUSPENDED DUE TO PROLONGED UNCERTAINTIES
RELATED TO COVID-19.
    * COVID-19 IMPACTED OUR BUSINESS SIGNIFICANTLY AND IT
BROUGHT
UNCERTAINTIES TO OUR OPERATING ENVIRONMENT
    * NET SALES IN FINLAND & EXPORTS SEGMENT DECLINED DUE TO
SALES IN
TRAVEL RETAIL, EXPORTS AND ON-TRADE BEING CLOSE TO ZERO
    * PERFORMANCE IN MONOPOLY CHANNEL STRONG LED BY DOUBLE-DIGIT
NET
SALES GROWTH IN SPIRITS IN ALL MONOPOLY COUNTRIES
    * PRELIMINARY FORECASTS FOR BARLEY HARVEST: THIS YEAR IS
LIKELY TO
BE SMALLER THAN LAST YEAR

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

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))