Brief: Apetit January-March 2020 Continuing Operations Operational EBITDA Was EUR 2.4 Million

Apetit Oyj

08/05/2020 06:39

May 8 (Reuters) - Apetit Oyj  APETIT.HE :
    * APETIT OYJ - APETIT PLC’S BUSINESS REVIEW 1 JANUARY–31 MARCH 2020: FOOD-DRIVEN IMPROVEMENT
IN
APETIT’S RESULT
    * APETIT OYJ - JANUARY-MARCH 2020, CONTINUING OPERATIONS NET SALES AMOUNTED TO EUR 65.2
(71.0)
MILLION
    * APETIT OYJ - JANUARY-MARCH 2020, CONTINUING OPERATIONS OPERATIONAL EBITDA WAS EUR 2.4
(2.0)
MILLION
    * APETIT OYJ - EXCEPTIONAL CIRCUMSTANCES RELATED TO CORONAVIRUS WERE STRONGLY REFLECTED IN
RETAIL
DEMAND FOR FOOD IN Q1
    * APETIT OYJ - AT START OF YEAR, WE ARE AT END OF HARVEST SEASON, WHICH MEANS THAT OUR RAW
MATERIAL INVENTORIES ARE AT A GOOD LEVEL
    * APETIT OYJ - PROFIT GUIDANCE FOR 2020 UNCHANGED
    * APETIT OYJ - ONE OF APETIT'S STRATEGIC GOALS IS TO INCREASE INTERNATIONAL SALES OF FOOD
PRODUCTS
    * APETIT OYJ - GROUP'S LIQUIDITY WAS GOOD AND ITS FINANCIAL POSITION IS STRONG

Source text for Eikon:  ID:nNDL94WWr3 
Further company coverage:  APETIT.HE 

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