Okmetic Oyj: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Okmetic Oyj Maintains FY 2012 Net Sales Guidance and Lowers FY 2012 Operating Profit Guidance
Okmetic Oyj announced that it revises its estimate on the net sales and operating profit for the fiscal year 2012 (FY 2012) on the basis of unaudited preliminary results. According to these results, the net sales for FY 2012 are EUR 83.1 million and FY 2012 operating profit is EUR 8.0 million (EUR 83.2 million and EUR 11.8 million in FY 2011). The net sales for the last quarter of FY 2012 are EUR 20.7 and operating profit for the last quarter of FY 2012 is EUR 1.0 million (EUR 18.1 million and EUR 2.3 million in FY 2011). According to the earlier guidance, the net sales of FY 2012 were estimated to settle approximately at the level of FY 2011. Operating profit was estimated to remain slightly under the level of FY 2011. Based on the preliminary results the net sales are in accordance with the guidance, but the operating profit remains under the level set in the earlier guidance due to the fourth quarter's and especially December's result in FY 2012. However, the operating profit's share of the net sales (9.6%) for the financial year 2012 nearly reaches the long-term objective level of 10%.
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