Brief: Suominen Cuts FY Guidance

Suominen Oyj

13/09/2018 13:33

Sept 13 (Reuters) - Suominen Oyj  SUY1V.HE :
    * REG-SUOMINEN DECREASES ITS ESTIMATE ON FULL-YEAR NET SALES AND OPERATING PROFIT
    * EXPECTS THAT FOR FULL YEAR 2018, ITS NET SALES WILL BE AT LEVEL OF 2017
    * SEES 2018 COMPARABLE OPERATING PROFIT WILL BE SIGNIFICANTLY LOWER THAN IN 2017
    * PREVIOUS GUIDANCE: 2018 NET SALES TO IMPROVE FROM 2017, COMPARABLE OPERATING PROFIT TO BE
AT
LEVEL OF 2017
    * DECREASES ESTIMATE DUE TO SLOWER THAN EXPECTED IMPACTS OF ACTIONS TAKEN IN 3P
PROFITABILITY
IMPROVEMENT PROGRAM
    * DECREASES ESTIMATE DUE TO CONTINUED INCREASE OF RAW MATERIAL PRICES

Source text for Eikon:  ID:nGNEbnvHxN 
Further company coverage:  SUY1V.HE 

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