Brief: Rapala H1 operating profit down 18 pct at EUR 14.2 million

Rapala VMC Oyj

22/07/2016 11:01

July 22 (Reuters) - Rapala VMC Corp  RAP1V.HE : 
    * Q2 net sales 73.4 million euros versus 80.1 million euros year ago 
    * H1 net sales 143.1 million euros, down 7 pct from previous year  
    * H1 operating profit 14.2 million euros, down 18 pct 
    * FY guidance unchanged from July 11: net sales and comparable operating profit to be below 
2015 levels 
    * Says slowdown in sales in western markets is considered to be temporary 
    * Outlook for whole year is now more depressed than earlier 
    * Says can't reach last year's results and it is difficult to accurately estimate future 
developments in these big markets 
 
Source text for Eikon:  ID:nHUG9rcKLy  
Further company coverage:  RAP1V.HE  
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))