Brief: Panostaja Q4 Net Sales Down At EUR 49.7 Mln

Panostaja Oyj

13/12/2019 07:13

Dec 13 (Reuters) - Panostaja Oyj  PNA1V.HE :
    * REG-PANOSTAJA OYJ’S FINANCIAL STATEMENT BULLETIN
1.11.2018-31.10.2019
    * ACTIVE EFFORTS TO IMPROVE PROFITABILITY - PROFIT/LOSS
ENCUMBERED
BY COST PROVISIONS
    * AUG-OCT NET SALES INCREASED IN THREE OF EIGHT SEGMENTS
    * AUG-OCT NET SALES FOR GROUP AS A WHOLE WEAKENED BY 6% TO
MEUR
49.7 (MEUR 52.8).
    * AUG-OCT ENTIRE GROUP'S EBIT IMPROVED FROM REFERENCE
PERIOD,
STANDING AT MEUR 1.5 (MEUR -0.1)
    * DECLINE WAS PRIMARILY DUE TO WEAKENED NET SALES OF GRANO,
CARROT
AND SELOG
    * WE WILL CONTINUE EXPLORING NEW POSSIBLE INVESTMENT TARGETS
IN
ACCORDANCE WITH OUR STRATEGY AND ASSESS DIVESTMENT POSSIBILITIES
AS PART OF OWNERSHIP STRATEGIES OF INVESTMENT TARGETS

Source text for Eikon:  ID:nGNE1vcL5V 
Further company coverage:  PNA1V.HE 

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