Brief: Biogaia Q1 Operating Profit Falls To SEK 46.4 Million

Biogaia AB

08/05/2019 07:04

May 8 (Reuters) - Biogaia AB  BIOGb.ST :
    * INTERIM MANAGEMENT STATEMENT 1 JANUARY - 31 MARCH 2019
    * Q1 OPERATING PROFIT SEK 46.4 MILLION VERSUS SEK 56.2
MILLION
YEAR AGO
    * Q1 NET SALES SEK 171.3 MILLION VERSUS SEK 156.6 MILLION
YEAR AGO
    * SALES DURING Q1 INCREASED BY 9% (EXCLUDING FOREIGN
EXCHANGE
EFFECTS, 2%) COMPARED TO CORRESPONDING PERIOD LAST YEAR
    * SAYS OUR LARGEST PRODUCT, BIOGAIA PROTECTIS BABY DROPS,
INCREASED IN ALL MARKETS
    * SALES IN AMERICAS DECREASED BY 9% WHICH IS A CONSEQUENCE
OF
QUARTERLY VARIATIONS.
    * HIGHER COST TREND COMPARED TO SALES INCREASE MEANT THAT
OPERATING PROFIT DECREASED BY 17% COMPARED TO Q1 OF 2018

Source text for Eikon:  ID:nWkr6Cr6Hn 
Further company coverage:  BIOGb.ST 

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