Profit warning: Apetit revises its estimate of operating profit for 2021 and provides preliminary information for the period January -
Record-high freight costs and unfavorable sales commitments in relation to the grain harvest quality will weaken Grain Trade's profit outlook for the last quarter of the year. The profit outlook for Oilseed Products for the last quarter of the year is weakened by exceptionally high raw material costs.
Preliminary information July-
July-
- Net sales amounted to
EUR 64.5 (72.1) million -
EBITDA was
EUR 4.2 (4.0) million -
Operating profit was
EUR 2.6 (2.5) million
January-
- Net sales amounted to
EUR 200.9 (211.0) million -
EBITDA was
EUR 7.0 (7.3) million -
Operating profit was
EUR 2.3 (2.8) million
The revised profit guidance for 2021:
The full-year operating profit from continuing operations is expected to decrease from the previous year (
The previous profit guidance for 2021 (repeated
The full-year operating profit from continuing operations is expected to improve year-on-year (
For further information, please contact:
Esa Mäki, CEO, tel. +358 10 402 2100
Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets.
https://news.cision.com/apetit-oyj/r/profit-warning--apetit-revises-its-estimate-of-operating-profit-for-2021-and-provides-preliminary-in,c3438607
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