Brief: Cabka Q1 Sales Up At EUR 50 Mln

Cabka NV

13/04/2022 08:31

April 13 (Reuters) - Cabka NV  CABKA.AS :
    * RECORD SALES OF EUR 50 MILLION IN 2022 Q1 UP ALMOST 30%
COMPARED
TO 2021 Q1
    * WE STICK TO THE MID-TERM GUIDANCE AS PROVIDED EARLIER
    * WITH REGARDS TO THE WAR BETWEEN RUSSIA AND UKRAINE, CABKA
HAS NO
SALES OR PRODUCTION IN RUSSIA OR UKRAINE AND IS THEREFORE NOT
DIRECTLY IMPACTED FROM A BUSINESS PERSPECTIVE
    * THE FIRST QUARTER OF 2022 IS CHARACTERIZED BY HIGH OVERALL
INFLATION, PARTICULARLY MANIFESTING ITSELF THROUGH SIGNIFICANTLY
HIGHER ENERGY, MATERIAL, AND LABOR COSTS
    * IN ANTICIPATION CABKA ANNOUNCED PRICE INCREASES IN THE
FOURTH
QUARTER OF 2021, EFFECTIVE PER JANUARY 2022, FOLLOWED BY ANOTHER
ROUND OF PRICE INCREASES EFFECTIVE PER MID-MARCH
    * AS THESE PRICE INCREASES ARE LAGGING THE RAPIDLY
INCREASING
INPUT COSTS, THERE IS AN EXPECTED DELAY IN THE FULL CONVERSION
TO THE MARKET, IMPACTING RELATIVE MARGINS ON THE SHORTER TERM

Source text: https://bit.ly/3jzLyhs
Further company coverage:  CABKA.AS 

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