Brief: Rapala VMC Corp Q1 net sales flat at EUR 69.5 million

Rapala VMC Oyj

28/04/2017 07:02

April 28 (Reuters) - RAPALA VMC CORP  RAP1V.HE  
    * Q1 NET SALES WERE 69.5 MEUR, AT LAST YEAR'S LEVEL (69.7) 
    * FULL YEAR OUTLOOK HAS BECOME MORE RESERVED DUE TO RECENT 
DEVELOPMENTS IN US 
    * RAPALA VMC CORP - FULL IMPACT OF DEVELOPMENTIN THE US  IS 
DIFFICULT TO PREDICT, BUT IT IS LIKELY TO HAVE NEGATIVE IMPACT 
ON GROUP'S SALES AND PROFITABILITY BOTH AT DISTRIBUTION AND 
MANUFACTURING LEVEL IN 2017 
    * GROUP'S 2017 FULL YEAR OUTLOOK HAS BEEN UPDATED 
    * FULL YEAR NET SALES ARE NOW EXPECTED TO BE ABOVE LAST 
YEAR'S LEVEL 
    * SEES 2017 COMPARABLE OPERATING PROFIT BELOW LAST YEAR'S 
LEVEL 
 
Source text for Eikon:  ID:nGNE1LHkzD  
Further company coverage:  RAP1V.HE  
 
 (Gdynia Newsroom) 
 ((Gdynia.newsroom@thomsonreuters.com;))