Brief: Apetit Revises Its Estimate Of Operational EBIT For 2018

Apetit Oyj

03/08/2018 07:32

Aug 3 (Reuters) - Apetit Oyj  APETIT.HE :
    * REG-APETIT REVISES ITS ESTIMATE OF OPERATIONAL EBIT FOR 2018
    * DOMESTIC GRAIN CROP WILL BE SIGNIFICANTLY BELOW AVERAGE ALREADY SECOND SEASON IN ROW
    * TRADING OPPORTUNITIES, ESPECIALLY EXPORTS, ARE EXPECTED TO BE ESSENTIALLY MORE LIMITED IN
H2 OF
2018.
    * NOW ESTIMATES GROUP'S FULL-YEAR OPERATING EBIT WILL BE BELOW COMPARABLE LEVEL FROM
CONTINUING
OPERATIONS (EUR 1.3 MILLION IN 2017)
    * ACCORDING TO ESTIMATES, CROP IN 2018 WILL BE WORST IN MILLENNIUM
    * SALES VOLUMES AND PROFIT OUTLOOK ARE BURDENED BY WEAK HARVEST OF 2017 AND WEAK CROP
OUTLOOK IN
2018

Source text for Eikon:  ID:nGNE2fzBkB 
Further company coverage:  APETIT.HE 

 (Gdynia Newsroom)
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))