Brief: Altia Q4 Comparable EBITDA Down At EUR 15.9 Million

Anora Oyj

07/02/2019 06:36

Feb 7 (Reuters) - Altia Oyj  ALTIA.HE :
    * OCT-DEC REPORTED NET SALES WERE EUR 110.9 (109.8) MILLION
    * OCT-DEC COMPARABLE EBITDA WAS EUR 15.9 (18.5) MILLION
    * "OUR FINANCIAL DEVELOPMENT IN 2018 WAS CHALLENGED BY
EXTERNAL
FACTORS IN OPERATING ENVIRONMENT." - CEO
    * " INCREASED RAW MATERIAL COSTS AND NEGATIVE IMPACT FROM
CURRENCIES HAVE DRIVEN OUR FINANCIAL RESULTS DOWN." - CEO
    * ALTIA - IN 2019, ESPECIALLY IN FIRST QUARTERS OF YEAR,
NEGATIVE
IMPACT OF INCREASED BARLEY COST WILL BE REFLECTED AS HIGHER RAW
MATERIAL COSTS IN COMPARISON TO SAME PERIOD LAST YEAR
    * THAT A DIVIDEND OF EUR 0.38 PER SHARE BE PAID FOR
FINANCIAL YEAR
2018
    * COMPARABLE EBITDA IS EXPECTED TO IMPROVE FROM 2018 LEVEL
    * IMPACT FROM IMPLEMENTATION OF NEW IFRS 16 STANDARD IS
EXPECTED
TO IMPROVE COMPARABLE EBITDA BY 3-4 MILLION

Source text for Eikon:  ID:nWkr2hLQs0 
Further company coverage:  ALTIA.HE 

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