08.12.2014 15:00:41
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Oriola-KD Corporation revises guidance for continuing operations net sales and operating profit excluding non-recurring items
Oriola-KD Corporation Stock Exchange Release 8 December 2014 at 4.00 p.m.
Oriola-KD Corporation revises guidance for continuing operations net sales and operating profit excluding non-recurring items
Oriola-KD Corporation ("Oriola-KD" or the "Company") has today announced that it has entered into an agreement to sell its Russian businesses to the Russian company CJSC "Apteki 36.6"
Oriola-KD revises its guidance for net sales and operating profit excluding non-recurring items - net sales from continuing operations is estimated to be at the level of 2013 and operating profit excluding non-recurring items from continuing operations is estimated to increase from 2013 level.
Oriola-KD classifies its Russian businesses in accordance with IFRS 5 as a discontinued operation. The Group Consolidated statement of comprehensive income consists of the result for continuing and discontinued operations. The result for discontinued operations is presented separately in the Group Consolidated statement of comprehensive income.
Revised outlook for 2014
Oriola-KD estimates that net sales from continuing operations will be at the level of 2013 and operating profit excluding non-recurring items from continuing operations will increase from 2013 level.
Previous outlook on October 23, 2014
Oriola-KD estimates that net sales and operating profit excluding non-recurring items will decrease from 2013 level.
Oriola-KD Corporation
Tuomas Itkonen
CFO
For further information, please contact:
Tuomas Itkonen
CFO
Mobile +358 40 596 4004
email: tuomas.itkonen@oriola-kd.com
Eero Hautaniemi
President & CEO
Mobile +358 50 429 2109
email: eero.hautaniemi@oriola-kd.com
Distribution
NASDAQ OMX Helsinki Ltd.
Key media
Released by:
Oriola-KD Corporation
Corporate Communications
Orionintie 5
FI-02200 Espoo, Finland
www.oriola-kd.com
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
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