Brief: Precia Sees Significant Impact From Cessation Of Sales To Russia And Closure Of Subsidiaries In Australia

Precia SA

31/05/2023 06:51

May 31(Reuters) - Precia SA  PREP.PA :
    * ON TUESDAY SAID SALES JUMPED IN FIRST QUARTER 2023 TO EUR
39.9
MLN (+4.1%) 
    * ON A LIKE-FOR-LIKE BASIS, Q1 ORGANIC GROWTH WAS +4.9%,
WITH
UNFAVORABLE CURRENCY EFFECTS (-0.6%) AND A PERIMETER EFFECT OF
-0.2%
    * IN FRANCE, THE GROUP RECORDED A +4.7% INCREASE IN SALES
    * SALES IN THE REST OF EUROPE WERE DOWN -7.0% AT CONSTANT
EXCHANGE
RATES DUE TO DECLINE OF LITHUANIAN SUBSIDIARY, IMPACTED BY THE
WAR IN UKRAINE AND THE CESSATION OF ITS ACTIVITY IN RUSSIA
    * OUTLOOK: SALES IN 2023 SHOULD BENEFIT FROM DYNAMISM IN
ORDER
INTAKE
    * OUTLOOK: SEES SIGNIFICANT IMPACT FROM THE CESSATION OF
SALES TO
RUSSIA AND THE CLOSURE OF SUBSIDIARIES IN AUSTRALIA

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nNDL5whGWS
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