Brief: Panostaja Q2 Net Sales Up At EUR 52.4 Mln

Panostaja Oyj

06/06/2019 08:18

June 6 (Reuters) - Panostaja Oyj  PNA1V.HE :
    * REG-PANOSTAJA OYJ´S HALF YEAR FINANCIAL REPORT NOVEMBER 1, 2018-APRIL 30, 2019
    * FEB-APRIL NET SALES INCREASED IN FOUR OF NINE BUSINESS SEGMENTS.
    * FEB-APRIL GROUP'S NET SALES FOR REVIEW PERIOD INCREASED BY 14% TO MEUR 52.4
    * FEB-APRIL EBIT IMPROVED BY 8% FROM REFERENCE PERIOD, STANDING AT MEUR 2.1 (MEUR 1.9)
    * CORPORATE ACQUISITIONS MARKET REMAINED ACTIVE IN PERIOD UNDER REVIEW, AND AVAILABILITY OF
NEW
OPPORTUNITIES HAS BEEN GOOD
    * NEED TO EXPLOIT OWNERSHIP ARRANGEMENTS AND GROWTH OPPORTUNITIES IN SMES WILL CONTINUE
    * AIMS TO IMPLEMENT ITS GROWTH STRATEGY BY MEANS OF CONTROLLED ACQUISITIONS IN CURRENT
INVESTMENTS, AND NEW POTENTIAL INVESTMENTS ARE ALSO BEING ACTIVELY STUDIED
    * 2019 OUTLOOK: DEMAND FOR SELOG, HELAKESKUS, COREHW, KL-VARAOSAT, CARROT AND OSCAR SOFTWARE
WILL
REMAIN GOOD
    * DIVESTMENT POSSIBILITIES WILL ALSO BE ASSESSED AS PART OF OWNERSHIP STRATEGIES OF
INVESTMENT
TARGETS.
    * 2019 OUTLOOK:  DEMAND FOR HEATMASTERS' PRODUCTS AND SERVICES WILL IMPROVE DUE TO UPCOMING
SIGNIFICANT MAINTENANCE OUTAGES (PREVIOUSLY SATISFACTORY)
    * 2019 OUTLOOK: DEMAND FOR GRANO AND HYGGA WILL REMAIN SATISFACTORY

Source text for Eikon:  ID:nGNE1YdsJM 
Further company coverage:  PNA1V.HE 

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