Brief: Hartmann Cuts 2020 Investment Outlook To Around DKK 450 Mln

Broedrene Hartmann A/S

14/12/2020 14:39

Dec 14 (Reuters) - Broedrene Hartmann A/S  HARTb.CO :
    * HARTMANN ADJUSTS ITS 2020 INVESTMENT OUTLOOK PRIMARILY DUE
TO
LATER-THAN-EXPECTED COMPLETION OF ACQUISITION OF GOTEK-LITAR IN
RUSSIA
    * ADJUSTS 2020 INVESTMENT OUTLOOK TO AROUND DKK 450 MILLION
FROM
PREVIOUS EXPECTATION OF AROUND DKK 600 MILLION
    * OUTLOOK FOR 2020 OF REVENUE AND PROFIT MARGIN IS
MAINTAINED
    * HARTMANN NOW EXPECTS TO COMPLETE ACQUISITION OF
GOTEK-LITAR JSC,
WHICH PRODUCES MOULDED-FIBRE PACKAGING AT A FACTORY IN
ZHELEZNOGORSK, APPROXIMATELY 450 KILOMETERS SOUTH OF MOSCOW, IN
Q1 2021

Source text: https://mfn.se/nir/a/brdr-hartmann/hartmann-adjusts-its-2020-investment-outlook-primarily-due-to-later-than-expected-completion-of-the-acquisition-of-gotek-litar-in-russia-03ef9296
 
Further company coverage:  HARTb.CO 

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