Brief: Oriola Oyj Says Inventory And Intangible Assets Write Down Affecting Co's Q4 Result Significantly

Oriola Oyj

19/12/2019 17:15

Dec 19 (Reuters) - Oriola Oyj  OKDBV.HE :
    * INVENTORY AND INTANGIBLE ASSETS WRITE DOWN IS AFFECTING
ORIOLA'S
FOURTH QUARTER RESULT SIGNIFICANTLY
    * ORIOLA - INVENTORY VALUATION ERRORS RELATED TO YEARS
2016-2018
TO BE ADJUSTED BY ABOUT EUR 4 MILLION
    * LAST QUARTER, FY 2019 RESULT TO BE AFFECTED BY ERRORS
FOUND IN
INVENTORY VALUES IN SWEDEN IN BA CONSUMER, IMPAIRMENT OF
INTANGIBLE ASSETS
    * TOTAL VALUE OF IMPAIRMENTS FOR 2019 RESULT IS ESTIMATED TO
BE
EUR 5 MILLION OF WHICH EUR 3 MILLION WILL BE TREATED AS
ADJUSTING ITEM
    * ADJUSTED EBIT FOR Q4 OF 2019 IS EXPECTED TO BE LOWER THAN
ESTIMATED

Source text for Eikon:  ID:nWkr68MYkT 
Further company coverage:  OKDBV.HE 

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