Brief: Cloetta's EBIT to be negatively impacted by short-term issues in Q3
14/09/2017 12:15
Sept 14 (Reuters) - Cloetta AB CLOEb.ST says:
* EBIT to be negatively impacted by mainly short-term
issues.
* Operating profit, adjusted, is in Q3 expected to be SEK 40
- 50 million lower compared to last year.
* This is mainly due to lower volumes but also higher raw
material cost and negative exchange rate differences.
* Also, the damages due to fire in one of the production
lines in the factory in Turnhout, Belgium, has proven to be
bigger than initially expected, resulting in production
capacity constraints and significantly lower produced volumes.
Source text for Eikon: ID:nWkr63Zy1p
Further company coverage: CLOEb.ST
(Reporting By Johan Sennero)
((Johan.Sennero@thomsonreuters.com;))