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Raute Oyj Lowers FY 2013 Financial Guidance


Wednesday, 4 Sep 2013 02:00am EDT 

Raute Oyj announced that the Company has lowered its fiscal year 2013 profit outlook. Fiscal year 2013 net sales are now estimated to decline from the year 2012. Operating profit result for the fiscal year 2013 is estimated to weaken from the previous year significantly, but remain positive. Previously the Company estimated net sales and operating profit to remain at the same level as in 2012. In the fiscal year 2012, the Company's net sales were EUR 101.3 million and the operating profit was EUR 5.0 million positive. According to I/B/E/S Estimates analysts on average are expecting Raute to report revenue of EUR 98.25 million and EBIT of EUR 5.01 million for the fiscal year 2013. 

Company Quote

12.76
-0.3 -2.30%
7:21am EDT