Brief: Nurminen Logistics H1 Operating Result Swings To Loss Of EUR 1.7 Mln

Nurminen Logistics Oyj

09/08/2019 11:11

Aug 9 (Reuters) - Nurminen Logistics Oyj  NLG1V.HE :
    * NURMINEN LOGISTICS PLC HALF YEAR FINANCIAL REPORT 1
JANUARY-30
JUNE 2019
    * JAN-JUNE NET SALES WERE EUR 34.5 MILLION (1-6/2018: EUR
40.6
MILLION)
    * NURMINEN LOGISTICS ESTIMATES THAT GROWTH OF ECONOMY AND
MARKETS
WILL SLOW DOWN YET REMAINS POSITIVE DURING SECOND HALF OF 2019
DESPITE INCREASING UNCERTAINTY OF GLOBAL MARKET SITUATION
    * NURMINEN LOGISTICS IS NOT ISSUING A PROFIT GUIDANCE FOR
2019.
    * H1 OPERATING RESULT WAS EUR -1.7 MILLION (EUR 0.6 MILLION)
    * SAYS WORLD TRADE WEAKENING FROM CURRENT SITUATION WOULD
HAVE A
NEGATIVE IMPACT ON DEMAND FOR COMPANY'S SERVICES AND THEREBY
RESULT
    * IN CASE THAT CO'S TRANSFORMATION PROGRAM AND MARKET LAUNCH
OF
BLOCK TRAIN SERVICE ARE DELAYED FROM FORECAST SET BY MANAGEMENT,
THERE MIGHT BE NEGATIVE IMPACT ON CO'S RESULT AND FINANCIAL
POSITION
    * SAYS LAUNCH AND MARKET ENTRY OF NEW CHINA BLOCK TRAIN
STILL
INVOLVE SIGNIFICANT RAMP-UP COSTS AND INVESTMENTS THAT HAVE
IMPACT ON RESULT DURING LATTER HALF OF 2019

Source text for Eikon:  ID:nWkrcbVg4q 
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