Brief: Altia Q4 Comparable EBITDA Up At EUR 19.7 Mln

Anora Oyj

13/02/2020 07:16

Feb 13 (Reuters) - Altia Oyj  ALTIA.HE :
    * ALTIA PLC'S FINANCIAL STATEMENTS BULLETIN 2019: SOLID Q4
SUPPORTED FULL-YEAR PROFITABILITY IMPROVEMENT
    * Q4 REPORTED NET SALES WERE EUR 110.1 (110.9) MILLION
    * Q4 COMPARABLE EBITDA WAS EUR 19.7 (15.9) MILLION, 17.9%
(14.3%)
OF NET SALES
    * BOARD OF DIRECTORS PROPOSES TO ANNUAL GENERAL MEETING THAT
A
DIVIDEND OF EUR 0.42 PER SHARE BE PAID FOR FINANCIAL YEAR 2019
    * OUR FINANCIAL TARGETS REMAIN UNCHANGED
    * FOR 2020, WE EXPECT COMPARABLE EBITDA TO BE AT SAME LEVEL
AS OR
HIGHER THAN IN 2019 (2019: EUR 44.8 MILLION)
    * CONTINUED DECLINE IN MARKET VOLUMES IN FINLAND PUTS
PRESSURE ON
PROFITABILITY GROWTH
    * UNCERTAINTIES IN GLOBAL TRAVELLING IMPACTS BORDER TRADE
AND
TRAVEL RETAIL REGIONALLY AND IN ASIA.
    * GUIDANCE ASSUMES A NORMAL BARLEY PRICE LEVEL FOLLOWING
2020
HARVEST
    * INDUSTRIAL SERVICES ARE IMPACTED BY PHASING OF VOLUMES
BETWEEN
YEARS
    * DEVELOPMENT OF GROUP'S BUSINESS OPERATIONS AND
PROFITABILITY ARE
AFFECTED BY COMPETITIVE ENVIRONMENT, OVERALL ECONOMIC OUTLOOK
AND CHANGES IN ALCOHOL TAXATION AND REGULATION
    * UNCERTAINTY RELATED TO CHANGES IN CONSUMER BUYING
BEHAVIOUR AND
CONSUMER DEMAND CONTINUES
    * IN ADDITION, OVERALL FLUCTUATIONS OF DIRECT PRODUCT COSTS
AFFECT
GROUP'S PROFITABILITY

Source text for Eikon:  ID:nWkr7XB6c3 
Further company coverage:  ALTIA.HE 

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