Brief: Iceland Seafood International Revises 2022 Outlook Range For Normalised PBT

Iceland Seafood Internat hf

24/10/2022 07:19

Oct 24 (Reuters) - Iceland Seafood International hf
 ICESEA.IC :
    * SAID ON FRIDAY INCREASED HEADWINDS IN Q4, A KEY TRADING
PERIOD
FOR ICELAND SEAFOOD
    * OUTLOOK RANGE FOR 2022 NORMALISED PBT REVISED TO €4.0-7.0M
    * BASED ON A REVISED BUSINESS FORECAST FOR Q4, THE OUTLOOK
RANGE
FOR NORMALISED PBT IS NOW REVISED TO €4.0M – 7.0M, FROM PREVIOUS
RANGE OF €9.0-14.0M
    * CONSUMERS PURCHASING POWER IS DIMINISHING, SALES VOLUMES
IN KEY
MARKETS ARE BELOW EXPECTATIONS NEGATIVELY IMPACTED BY HIGH
PRICES
    * DRAFT RESULTS FOR Q3 INDICATE A NORMALIZED PBT OF €2.3M IN
THE
QUARTER, AND €0.5M FOR FIRST NINE MONTHS OF THE YEAR
    * ICELAND SEAFOOD WILL PUBLISH ITS 9M AND Q3 2022 RESULTS
AFTER
CLOSING OF MARKETS ON NOVEMBER 17TH

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nGNEbj8XNQ
 Further company coverage:  ICESEA.IC  
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