Picture of Rokiskio Suris AB logo

RSU1L — Rokiskio Suris AB News Story

0.000.00%
lt flag iconLast trade - 00:00
Consumer DefensivesConservativeSmall CapNeutral

Rokiskio Suris H1 sales fall on fermented cheese weakness

Rokiskio Suris H1 sales fall on fermented cheese weakness


Overview

  • Dairy producer's H1 sales fell 18% yr/yr to EUR 173.2 mln

  • Net profit for H1 declined slightly, but net profitability improved to 5.58%

  • H1 EBITDA decreased to EUR 15.8 mln from EUR 17.7 mln a year earlier


Outlook

  • AB Rokiškio sūris targets a 5% annual increase in milk bought and processed and a 3% net annual yield


Result Drivers

  • DAIRY PRICE DEFLATION – H1 sales fell 18.25% to EUR173.2 mln, largely as lower dairy-product prices reduced selling prices across markets

  • FERMENTED CHEESE DECLINE – Sales volumes fell 10% and value sales dropped 24% for fermented cheeses, the Group's largest revenue category

  • RAW-MILK COST RELIEF – Cost of sales fell 20.7% to EUR148.5 mln as lower volumes and raw-milk purchase prices offset revenue pressure


Company press release: ID:nGNE2jhqkg


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Sales

EUR 173.20 mln

H1 Net Income

EUR 9.66 mln


Analyst Coverage

  • The stock recently traded at 35 times the next 12-month earnings vs. a P/E of 35 three months ago


Reuters Recommended Reads

  • Aug 31 - Lithuanian asset manager Invalda's H1 net profit drops


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Recent news on Rokiskio Suris AB

See all news