Brief: Midsona Says Weak Demand In Organic Products Category

Midsona AB

20/07/2023 07:18

July 20 (Reuters) - Midsona AB  MSONb.ST :
    * Q2 OF YEAR WAS CHALLENGING, PARTICULARLY DUE TO WEAK
DEMAND IN
ORGANIC PRODUCTS CATEGORY
    * WEAK SEK AND, TO SOME EXTENT, NOK
    * ORDICS ACHIEVED GOOD PROGRESS DESPITE TERMINATED
DISTRIBUTION
ASSIGNMENTS AND UNFAVOURABLE EXCHANGE TRENDS.
    * NORTH EUROPE EXPERIENCED WEAKER DEVELOPMENT COMPARED WITH
PREVIOUS YEAR AS A RESULT OF LOWER BUSINESS VOLUMES
    * SOUTH EUROPE EXPERIENCED ORGANIC GROWTH BUT WITH CONTINUED
PRODUCTION CHALLENGES THAT WE EXPECT TO RESOLVE DURING Q3.

Source text for Eikon:  ID:nWkr35YxLb 
Further company coverage:  MSONb.ST 

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