Brief: Aspo Q1 Operating Profit Up At EUR 10.3 Million

Aspo Oyj

04/05/2022 08:32

May 4 (Reuters) - Aspo Plc  ASPO.HE :
    * Q1 EARNINGS PER SHARE 0.22 EUR
    * REG-ASPO GROUP INTERIM REPORT, JANUARY 1 TO MARCH 31,
2022:
STRONG START FOR THE YEAR: COMPARABLE OPERATING PROFIT NEARLY
DOUBLED, REST OF THE YEAR MARKED BY UNCERTAINTY
    * Q1 ASPO'S NET SALES INCREASED BY 24% TO EUR 160.4 (129.4)
MILLION
    * Q1 OPERATING PROFIT EUR 10.3 MILLION VERSUS EUR 7.9
MILLION YEAR
AGO
    * GUIDANCE 2022: ASPO GROUP'S COMPARABLE OPERATING PROFIT
WILL BE
EUR 27-34 (42.4) MILLION IN 2022
    * IT IS OBVIOUS THAT OPERATING ENVIRONMENT HAS CHANGED
DRAMATICALLY IN EASTERN MARKETS, AND RUSSIA'S REPREHENSIBLE
INVASION WILL HAVE AN ENDURING IMPACT ON BUSINESS OPPORTUNITIES
IN REGION.
    * SINCE WAR BROKE OUT IN UKRAINE, CAPITAL INVESTED IN
TELKO'S
WAREHOUSE AND RECEIVABLES IN RUSSIA HAS DECREASED BY ROUGHLY 30%
    * DECISIONS ON SOLUTIONS CONCERNING OPERATIONS IN RUSSIA
WILL BE
MADE IN A CONTROLLED MANNER, ALSO CONSIDERING POSITION OF
EMPLOYEES AND ANY RESTRICTIONS SET BY LOCAL LEGISLATION

Source text for Eikon: [ID: nGNE853BQP]
Further company coverage:  ASPO.HE 

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