Brief: Harper Hygienics sees lower Q1 results due to Russia and Ukraine

Harper Hygienics SA

04/05/2015 10:14

May 4 (Reuters) - Harper Hygienics SA  HRPP.WA : 
    * Said on Thursday that expects to report Q1 2015 revenue 
down 16 percent year on year  
    * Sees Q1 EBIT of 50,000 zlotys ($13,789) versus 2.1 million 
zlotys a year ago  
    * Sees Q1 EBITDA of 2.4 million zlotys versus 4.3 million 
zlotys a year ago 
    * Expects to report Q1 consolidated sales revenue much lower 
than in previous quarters due to lower sales in Russia and 
Ukraine and overall macroeconomics situation on these markets  
    * Russia and Ukraine historically represent 20 percent of 
the company's total sales  
    * The sales of the company's products in Russia and Ukraine 
is down 80 percent year on year and represent about 5 percent of 
the total sales revenue in Q1 
    * As a result, to maintain its presence on Russian and 
Ukrainian markets, the company changed its Ukrainian distributor 
and product packaging and marketing for Russian market 
    * Company plans to activate its sales on other export 
markets in Western Europe and Middle East 
    * Plans to negotiate its debt with BZWBK SA bank and 
bondholders  
 
     
 Source text for Eikon:  ID:nEM3078672  
     
 Further company coverage:  HRPP.WA   
    
 
 
 
($1 = 3.6262 zlotys) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))