Brief: Lassila & Tikanoja Q2 Operating Profit Ex-Items Down At EUR 8.3 Mln

Luotea Oyj

28/07/2020 06:04

July 28 (Reuters) - Lassila & Tikanoja Oyj  LAT1V.HE :
    * Q2 NET SALES EUR 183.2 MILLION VERSUS EUR 196.2 MILLION YEAR AGO
    * Q2 OPERATING PROFIT EX-ITEMS EUR 8.3 MILLION VERSUS EUR 10.3 MILLION YEAR AGO
    * FULL-YEAR NET SALES FOR 2020 ARE EXPECTED TO DECREASE YEAR-ON-YEAR AND OPERATING PROFIT IS
ESTIMATED TO BE EUR 30-40 MILLION (40.5) EXCLUDING LOSS RELATED TO DISCONTINUATION OF RUSSIAN
OPERATIONS
    * IN FIRST HALF OF 2020, CORONAVIRUS PANDEMIC HAD A NEGATIVE IMPACT ON GROUP'S NET SALES AND
OPERATING PROFIT
    * GROUP'S LIQUIDITY REMAINED STRONG

Source text for Eikon:  ID:nGNEbjRP9C 
Further company coverage:  LAT1V.HE 

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