Brief: Rapala H2 Operating Loss EUR 0.5 Million

Rapala VMC Oyj

15/02/2019 07:14

Feb 15 (Reuters) - Rapala VMC Corp  RAP1V.HE :
    * REG-RAPALA VMC CORPORATION’S ANNUAL ACCOUNTS 2018: 7% ORGANIC SALES GROWTH AND STRONG
PROFITABILITY INCREASE FROM LAST YEAR – STRATEGY EXECUTION PROGRESSING
    * H2 NET SALES EUR 119.9 MILLION VERSUS EUR 112.4 MILLION YEAR AGO
    * H2 OPERATING LOSS EUR 0.5 MILLION VERSUS LOSS EUR 2.1 MILLION YEAR AGO
    * PROPOSES DIVIDEND OF EUR 0.06 PER SHARE
    * MARKET OUTLOOK FOR NORTH AMERICA IS POSITIVE AND GROUP HAS A STRONG ORDER BOOK FOR 2019
    * EXPECTS 2019 FULL YEAR NET SALES WITH COMPARABLE FX RATES TO BE AROUND SAME LEVEL AS IN
2018
    * EXPECTS COMPARABLE OPERATING PROFIT  TO INCREASE FROM 2018
    * THERE IS SLIGHTLY LOWER VISIBILITY TO SALES OF SHIMANO PRODUCTS IN 2019 IN COUNTRIES
AFFECTED BY
CHANGES IN DISTRIBUTION AGREEMENT

Source text for Eikon:  ID:nGNE5ftHLp 
Further company coverage:  RAP1V.HE 

 (Gdynia Newsroom)
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))