Brief: Anora Q3 Reported EBITDA Up At EUR 16.9 Mln

Anora Oyj

25/11/2021 06:35

Nov 25 (Reuters) - Anora Group Oyj  ANORA.HE :
    * ANORA INTERIM REPORT JANUARY-SEPTEMBER 2021: STRONG START
FOR
ANORA - INTEGRATION PROGRESSING ACCORDING TO PLAN, SOLID
BUSINESS PERFORMANCE
    * Q3 REPORTED NET SALES INCREASED BY 31.6% TO EUR 114.0
(86.6)
MILLION
    * Q3 REPORTED EBITDA WAS EUR 16.9 (8.8) MILLION, 14.7% (10.1
%) OF
NET SALES
    * SHORT-TERM OUTLOOK HAS BEEN UPDATED
    * OUTLOOK: SOCIETIES ARE RETURNING TO NORMAL, WHICH IS
EXPECTED TO
IMPACT ANORA'S CHANNEL MIX WITH ON-TRADE AND TRAVEL RETAIL
GROWING SHARE OF SALES
    * OUTLOOK: IN INDUSTRIAL SEGMENT, BARLEY MARKET PRICES ARE
EXPECTED TO REMAIN AT HIGH LEVELS DUE TO HISTORICALLY POOR CROP
IN FINLAND, AND A GLOBAL IMBALANCE BETWEEN DEMAND FOR AND SUPPLY
OF GRAIN.
    * OUTLOOK: THERE IS ALSO SIGNIFICANT COST PRESSURE IN OTHER
RAW
MATERIALS

Source text for Eikon:  ID:nWkr91Sl6z 
Further company coverage:  ANORA.HE 

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