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Provider: Wright Reports

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Scana Industrier ASA Lowers Q4 2012 Financial Guidance

Sunday, 16 Dec 2012 10:13am EST 

Scana Industrier ASA (Scana) announced that due to weaker markets in fourth quarter of the fiscal year (FY) 2012, Scana's steel companies expect a decrease in revenue compared with earlier guiding. The result for Scana Industrier ASA for fourth quarter FY 2012 is expected to be lower than the result for the third quarter FY 2012. Order intake and the activity level for the rest of the Group progress in as expected. The total order reserve by end November 2012 is higher than end of third quarter. This order reserve will mainly turn into production in FY 2013. 

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