Brief: Apetit Revises Oper Profit Guidance For 2021
22/10/2021 15:38
Oct 22 (Reuters) - Apetit Oyj APETIT.HE :
* PROFIT WARNING: APETIT REVISES ITS ESTIMATE OF OPERATING PROFIT FOR 2021 AND PROVIDES
PRELIMINARY INFORMATION FOR THE PERIOD JANUARY - SEPTEMBER 2021
* COMPANY ESTIMATES THAT OPERATING PROFIT FROM CONTINUING OPERATIONS WILL BE BELOW YEAR 2020
LEVEL
(EUR 3.9 MILLION IN 2020)
* PRELIM Q3 NET SALES AMOUNTED TO EUR 64.5 (72.1) MILLION
* PRELIM Q3 EBITDA WAS EUR 4.2 (4.0) MILLION
* PRELIM Q3 OPERATING PROFIT WAS EUR 2.6 (2.5) MILLION
* RECORD-HIGH FREIGHT COSTS AND UNFAVORABLE SALES COMMITMENTS IN RELATION TO GRAIN HARVEST
QUALITY
WILL WEAKEN GRAIN TRADE'S PROFIT OUTLOOK FOR LAST QUARTER OF YEAR
* PROFIT OUTLOOK FOR OILSEED PRODUCTS FOR LAST QUARTER OF YEAR IS WEAKENED BY EXCEPTIONALLY
HIGH
RAW MATERIAL COSTS
Source text for Eikon: ID:nWkrbLdbLZ
Further company coverage: APETIT.HE
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