Brief: District Court Rules On Dispute Between Pihlajalinna And The City Of Jämsä

Pihlajalinna Oyj

05/04/2022 08:11

April 5 (Reuters) - Pihlajalinna Oyj  PIHLIS.HE :
    * DISTRICT COURT'S RULING ON THE DISPUTE BETWEEN
PIHLAJALINNA'S
SUBSIDIARY JÄMSÄN TERVEYS OY AND THE CITY OF JÄMSÄ
    * DISTRICT COURT RULED IN FAVOUR OF CITY OF JÄMSÄ WITH
REGARD TO
DETERMINATION OF ANNUAL PRICE
    * DISTRICT COURT DID NOT CONSIDER EVIDENCE PROVIDED BY
JÄMSÄN
TERVEYS OY TO BE SUFFICIENT IN TERMS OF COST EFFECTS
    * AS A RESULT OF DISTRICT COURT'S RULING, PIHLAJALINNA GROUP
WILL
FACE AN APPROXIMATELY EUR 2.3 MILLION NEGATIVE IMPACT ON RESULT
ATTRIBUTABLE TO OWNERS OF PARENT COMPANY
    * RULING DOES NOT HAVE AN IMMEDIATE MATERIAL IMPACT ON CASH
FLOW
    * EFFECTS OF DISTRICT COURT'S RULING ARE TREATED AS
ADJUSTMENT
ITEMS AND THEREFORE THEY DO NOT INFLUENCE CURRENT YEAR'S PROFIT
GUIDANCE

Source text for Eikon:  ID:nWkr51XSc8 
Further company coverage:  PIHLIS.HE 

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