Brief: Lassila & Tikanoja Raises Forecast For 2020 Adjusted Operating Profit

Luotea Oyj

23/10/2020 11:36

Oct 23 (Reuters) - Lassila & Tikanoja Oyj  LAT1V.HE :
    * REG-PROFIT WARNING: LASSILA & TIKANOJA PLC INCREASES ITS
GUIDANCE FOR 2020
    * PRELIMINARY NET SALES FOR JANUARY-SEPTEMBER 2020 AMOUNTED
TO EUR
552 MILLION,
    * JANUARY-SEPTEMBER  PRELIMINARY OPERATING PROFIT WAS EUR
18.3
MILLION AND PRELIMINARY ADJUSTED OPERATING PROFIT WAS EUR 29
MILLION.
    * NEW OUTLOOK: FULL-YEAR NET SALES FOR 2020 ARE EXPECTED TO
DECREASE YEAR-ON-YEAR AND ADJUSTED OPERATING PROFIT IS ESTIMATED
TO BE EUR 35-43 MILLION (40.5).
    * NEW ESTIMATED OUTLOOK IS BASED ON ASSUMPTION THAT LASSILA
&
TIKANOJA'S SERVICE PRODUCTION CONTINUES AT ITS CURRENT LEVEL IN
SPITE OF COVID-19 PANDEMIC.
    * LASSILA & TIKANOJA PLC KEEPS ITS NET SALES FORECAST
UNCHANGED
AND INCREASES RANGE FOR OPERATING PROFIT FORECAST.

Source text for Eikon:  ID:nGNE6F2Dg 
Further company coverage:  LAT1V.HE 

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