15.07.2014 15:01:05
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Oriola-KD Corporation repeats its guidance on operating profit excluding non-recurring items and revises guidance for net sales growth
Oriola-KD Corporation Stock Exchange Release 15 July 2014 at 4.00 p.m.
Oriola-KD Corporation repeats its guidance on operating profit excluding non-recurring items and revises guidance for net sales growth - Net sales is estimated to decrease from 2013 level.
Weak exchange rates of the Russian rouble and Swedish krona have negatively affected euro-denominated net sales for 2014. The weak performance of the Russian businesses, caused by the decline of the economic situation and severely competitive environment is expected to have negative impact on Oriola-KD's full-year net sales growth.
Revised outlook for 2014
Oriola-KD estimates that operating profit excluding non-recurring items will increase compared to 2013 actual. Net sales is estimated to decrease from 2013 level.
Previous outlook on April 24, 2014
Oriola-KD estimates that net sales and operating profit excluding non-recurring items will increase compared to 2013 actual.
Oriola-KD Corporation's January - June interim results are released on July 24, July 2014.
Oriola-KD Corporation
Tuomas Itkonen
CFO
Further information:
Tuomas Itkonen
CFO
tel. +358 40 596 4004
e-mail: tuomas.itkonen@oriola-kd.com
Sami Laine
Group Treasurer
tel. +358 40 638 0251
e-mail: sami.laine@oriola-kd.com
Distribution:
NASDAQ OMX Helsinki Ltd.
Key media
Released by:
Oriola-KD Corporation
Corporate Communications
Orionintie 5
FI-02200 Espoo
www.oriola-kd.com
This announcement is distributed by Nasdaq OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Oriola-KD Oyj via Globenewswire
HUG#1825894
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