Brief: Rias Keeps EBIT Outlook For 2021/22 At DKK 13.0-15.0 Mln

Rias A/S

18/01/2022 12:50

Jan 18 (Reuters) - Rias A/S  RIASb.CO :
    * REG-INTERIM REPORT - RIAS A/S
    * REG-INTERIM REPORT - RIAS A/S
    * DEVELOPMENT IN THE TURNOVER IN THE FIRST THREE MONTHS OF
THE
FINANCIAL YEAR 2021/22 HAS BEEN LOWER THAN LAST YEAR, HOWEVER
ABOVE THE EXPECTATIONS SET IN THE BUDGET
    * DUE TO THE LOWER TURNOVER, THE PROFIT HAS BEEN AT A LOWER
LEVEL
THAN IN LAST YEAR, BUT STILL WELL ABOVE THE EXPECTATIONS FOR THE
QUARTER
    * THE HIGHER TURNOVER IN THE INDUSTRY SECTOR OBSERVED IN THE
LAST
QUARTER OF THE FINANCIAL YEAR 2020/21 HAS CONTINUED INTO THE
FIRST QUARTER OF 2021/22
    * WE SEE A MUCH SHORTER ORDER HORIZON. THE UNCERTAINTY ON
WHAT THE
NEXT MONTHS WILL BRING REMAINS SIGNIFICANT.
    * TAKING INTO ACCOUNT THE MENTIONED UNCERTAINTY AND WITH A
POSITIVE FIRST QUARTER AS BASIS, THE BOARD OF RIAS A/S STILL
EXPECTS AN EBIT LEVEL FOR THE FINANCIAL YEAR 2021/22 IN THE
RANGE OF DKK 13,0-15,0 MILLION
    * CONTINUED RISE IN RAW MATERIALS PRICES, TRANSPORTATION
COSTS AND
DELIVERY PROBLEMS HAVE CREATED SOME UNCERTAINTY. CONSEQUENTLY,
WE SEE A MUCH SHORTER ORDER HORIZON. THE UNCERTAINTY ON WHAT THE
NEXT MONTHS WILL BRING REMAINS SIGNIFICANT

Source text for Eikon:  ID:nGNEb2v6cR 
Further company coverage:  RIASb.CO 

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