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Panostaja Oyj Specifies FY 2013 Financial Guidance in Connection with Sale of Suomen Kiinnikekeskus Oy by Panostaja's Subsidiary

Thursday, 17 Oct 2013 07:30am EDT 

Panostaja Oyj announced that Kiinnikekeskus Services Oy, a subsidiary in which Panostaja Oyj has a 90% holding, has signed a deed by which it sells its entire shareholding in Suomen Kiinnikekeskus Oy to Lansi-Suomen Sahkotukku Oy. As a result of the divestment, Suomen Kiinnikekeskus Oy will, in its entirety, be removed from Panostaja Group’s result from continuing business operations for the current financial period and the reference period. Because of this, Panostaja specifies its result management with regard to the reference period. During the fiscal year 2013, the Group's comparable net sales (EUR 147.9 million) are expected to grow by about 18–21% over the previous year and the Group's comparable EBIT is expected to exceed the level of the 2012 financial period (EUR 3.2 million) without one-time items (such as depreciation) in the 2013 financial period. 

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19 Dec 2014