Brief: Biogaia Says Estimates Delays To Affect Sales To Distribution Partners, Earnings In Both Q3 & Q4

Biogaia AB

10/10/2019 19:51

Oct 10 (Reuters) - Biogaia AB  BIOGb.ST :
    * REDUCED SALES DUE TO DELIVERY DELAYS
    * DELAYS ARE CAUSED BY SUPPLIER'S IMPLEMENTATION OF A NEW IT
SYSTEM IN ITS PRODUCTION
    * HAS SUFFERED FROM DELIVERY DELAYS FROM ONE OF ITS EXTERNAL
SUPPLIERS
    * BIOGAIA ESTIMATES THAT DELAYS WILL AFFECT SALES TO
DISTRIBUTION
PARTNERS AND EARNINGS IN BOTH Q3 AND Q4, 2019
    * FOR Q3, SALES ARE EXPECTED TO AMOUNT TO APPROXIMATELY SEK
167
(175) MILLION, OF WHICH PRODUCT SALES WILL BE SEK 162 (157)
MILLION
    * OPERATING PROFIT FOR Q3 IS EXPECTED TO AMOUNT TO
APPROXIMATELY
SEK 49 (66) MILLION
    * ASSESS PRODUCT SALES ON AN ANNUAL BASIS TO BE SATISFACTORY

Source text for Eikon:  ID:nWkr9RBWf2 
Further company coverage:  BIOGb.ST 

 ((Reuters.Briefs@thomsonreuters.com;))